IMF loan for Ukraine: IMF tranche is arriving to Ukraine
Business17:30 Sep. 16, 2016

IMF tranche is arriving to Ukraine

The Ukrainian currency market has already positively reacted to the news  

The third tranche of the IMF bailout will arrive to the respective accounts of Ukraine's National Bank today, September 16th. It will also beef up the national gold reserves.

The party, which wanted to obstruct the Ukrainian cooperation with the Fund, was Russia. It still craves to return the loan provided to Ukraine in December 2013, when the ruling president Viktor Yanukovych was later ousted. However, the Russian attempt to prevent the IMF loan provision failed.

The good news from IMF headquarters helped to calm down the panic on Ukraine's currency market. Ukrainian hryvnia has finally started to strengthen.

Kyiv says the positive decision by the IMF demonstrates that the world recognizes Ukrainian reforms and opens up opportunities for investments.

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