Over the year Ukraine paid more to IMF than it received from it
On December 1, Ukraine transferred its last due payment to the International Monetary Fund (IMF) in 2017 at $169 million, while overall it paid $1.268 billion this year, Ukrainski Novyny reports citing the press service of the National Bank of Ukraine (NBU).
According to the schedule of debt owed to the IMF, on December 1, Ukraine repaid 114.3 million Special Drawing Rights or SDRs that amount to $169 million. In total, in 2017 Ukraine paid 858.7 million SDRs worth $1.3 billion.
Meanwhile, Ukraine received a $1 billion tranche from the IMF this year.
The current loan program of the Ukrainian economy using an extended fund facility or EFF began in March 2015 and will last until March 2019.
The total program amounted to $17.5 billion, while Ukraine has so far consumed only $8.7 billion from the entire amount: the first tranche of $5 billion in March 2015, the second of $1.7 billion in August 2015, the third of $1 billion in September 2016, and the fourth of $1 billion in April 2017.
The NBU expects that Ukraine will receive another $3.5 billion from the IMF in 2018.