NBU Expecting IMF's Tranche Of USD 2 Billion And EUR 600 Million From European Commission By End Of 2017

The National Bank of Ukraine expects a tranche of USD 2 billion from the International Monetary Fund and EUR 600 million from the European Commission by the end of 2017.

NBU Deputy Governor Oleh Churii announced this at a press conference, Ukrainian News Agency reports.

"We retain the forecast of growth of the forex reserves to USD 20 billion. We are expecting a tranche of USD 2 billion from the IMF and EUR 600 million from the European Commission," he said.

He also expects Ukraine to place Eurobonds. However, he did not specify a sum.

As Ukrainian News Agency earlier reported, International Monetary Fund's Deputy Managing Director David Lipton visited Ukraine on September 12.

The IMF approved an Extended Fund Facility (EFF) loan program worth a total of USD 17.5 billion over a period of four years for Ukraine on March 11, 2015.

Ukraine received the first tranche of USD 5 billion in March 2015, the second tranche of USD 1.7 billion in August 2015, the third tranche of USD 1 billion in September 2016, the fourth tranche of USD 1 billion in April 2017.

Ukraine expects Ukraine to receive two more tranches of the EFF loan this year.