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Ukraine to get over $5 bln in May and use money to stabilize economy, pay pensions and salaries

05-05-2014 10:31

This was diclosed by Prime Minister Arseniy Yatseniuk who said that Ukraine will receive more than $5 billion in loan funds in May 2014.

"In May, we will get the first tranche from the IMF worth $3 billion, $1 billion from the United States and up to EUR 1 billion from the EU," the press service of the Ukrainian government quoted him as saying on May 1.Yatseniuk said that part of these funds would be transferred to the foreign exchange reserves of the National Bank of Ukraine, whereas the other part would be used to stabilize the macroeconomic situation in Ukraine, as well as to ensure the timely payment of salaries and pensions.