Ukraine repaid $450 million to the IMF
Ukraine repaid the International Monetary Fund (IMF) $450 million borrowed under the Extended Fund Facility (EFF) program that commenced in 2014.
"We paid today," a representative of the National Bank told Ukrainski Novyny news agency.
Ukraine is supposed to repay a total of 16.836 billion UAH this year (approximately $650 million USD), as stated in the program approved by the Ministry of Finance for managing the national debt for 2017.
In March 2015 the IMF opened a four-year EFF program for Ukraine totaling $17 billion. It presumed a quarterly review of the program and the allocation of four tranches to Kyiv in 2015, as well as four more in 2016. In reality, Ukraine received only four tranches and the timing of their allocation was delayed. Ukraine received the first tranche of $5 billion in March 2015, the second for $ 1.7 billion in August 2015, the third for $1 billion in September 2016, the fourth for $1 billion in April 2017.
In addition to the IMF, Ukraine pays interest on restructured Eurobonds. On March 1, Ukraine transferred $505 million to the bond holders.