KIEV — Ukraine expects to receive three tranches of credit from the International Monetary Fund all at the same time after a visit by the Fund next month, Central Bank chief Valeria Gontareva said on Tuesday.
"Ukraine is counting on receiving three tranches immediately following the IMF mission's visit in January," Gontareva told a news conference. The Fund is due to visit Kiev from January 8.
Gontareva also said currency reserves, badly depleted by the cost of energy imports from Russia and the war with separatists in the east, could rise to at least $15 billion next year thanks to IMF loans. Reserves were at about $9.9 billion in November.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
