Ukraine central bank chief expects first IMF tranche at $1.4-1.9 billion

Reuters

Published Dec 13, 2018 07:48AM ET

Ukraine central bank chief expects first IMF tranche at $1.4-1.9 billion

KIEV (Reuters) - Ukraine expects to receive a first loan tranche from the International Monetary Fund worth between $1.4 billion and $1.9 billion before Christmas, Central Bank Governor Yakiv Smoliy told a news conference on Thursday.

Ukraine has secured a standby loan agreement from the IMF to help ensure macroeconomic stability next year when it holds presidential and parliamentary elections.