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Ukraine expects to get at least 1.4 bln USD from IMF this month
Last Updated: 2018-12-14 11:13 | Xinhua
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Ukraine is expecting to receive between 1.4 billion U.S. dollars and 1.9 billion dollars from the International Monetary Fund (IMF) this month, Ukraine's central bank governor Yakiv Smoliy said here on Thursday.

"The final information will be unveiled after the decision of the IMF Executive Board," Smoliy told a press briefing.

According to him, the funds are set to be transferred to Ukraine's accounts by Dec. 25.

In October, the IMF said it has reached a staff-level agreement with the Ukrainian authorities on economic policies for the 14-month Stand-By Arrangement (SBA).

To get the aid, Ukraine has adopted the IMF-compliant state budget for 2019 and raised natural gas and heating tariffs for households in line with the global lender's requirements.

According to local economists, Ukraine is in urgent need of external financing due to its huge foreign debt, of which some 15 billion dollars should be repaid next year.

The IMF Executive Board is scheduled to meet on Ukraine on Dec. 18.

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