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26-06-2009 11:17 Ukraine can get USD 3.8 b as third tranche from IMF in July
It had been agreed during the visit of an IMF mission to Ukraine on June 23 that Ukraine will review its program with the fund, and that in July, it may receive the third tranche of an IMF loan, Prime Minister Yulia Tymoshenko has said during her visit to Lviv.
Tymoshenko emphasized that Ukraine will have a chance to increase the amount of funds transferred to the budget that will make this budget more stable and stabilize its expenses. In November 2008, the IMF approved a two-year loan of USD 16.4 billion to Ukraine and allocated USD 4.5 billion as the first tranche of this loan. On May 12, 2009, Ukraine received USD 2.8 billion as the second tranche of the fund's loan. Part of the second tranche worth USD 1.5 billion was sent to Ukraine's state budget to finance the government's foreign debts. It was initially planned that the third tranche would total USD 3.2 billion, and the fourth one USD 3.8 billion. Acting Finance Minister Ihor Umansky said earlier that Ukraine was planning to ask the International Monetary Fund to increase the amount of the third tranche to $3.8 billion to finance the country's budget deficit.
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