On Friday, August 4, Ukraine paid USD 450 million to the International Monetary Fund (IMF) under the stand by program that started in 2014. Ukrainian News Agency learnt this from a spokesperson of the National Bank of Ukraine. In late April 2014, the IMF approved the loan facility program worth USD 17.10 billion for Ukraine. In early May 2014, it provided Ukraine with the first stand by tranche worth USD 3.19 billion. On March 11, 2015, the IMF approved allocation of USD 17.5 billion under the four-year Extended Fund Facility (EFF) program instead of the stand by program. The IMF has replaced the previous stand by program with the EFF extended lending tool in view of the country's need in longer cooperation. As Ukrainian News Agency earlier reported, on March 11, 2015, the IMF approved the EFF program for Ukraine. The first tranche worth USD 5 billion within the program was obtained in March 2015, the second one worth USD 1.7 billion in August 2015, the third one worth USD 1 billion in September 2016 and the fourth one of USD 1 billion in April 2017. This year, Ukraine hopes to obtain two more IMF tranches.