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Ukraine receives first $5 bn tranche of IMF loan

Posted Mar 13, 2015 by AFP
Ukraine on Friday received the first $5 billion tranche of the International Monetary Fund's bailout for its troubled economy, the finance ministry said.
The IMF warned that holdouts could disrupt Ukraine's debt restructuring and undermine the abili...
The IMF warned that holdouts could disrupt Ukraine's debt restructuring and undermine the ability to implement a new high-risk $40 billion bailout plan for the country
Saul Loeb, AFP/File

Ukraine on Friday received the first $5 billion tranche of the International Monetary Fund's bailout for its troubled economy, the finance ministry said.

"The money is arriving on the National Bank's accounts, the entire sum will arrive by the end of the day," the ministry said in a statement. It added that $2.2 billion will go to government coffers while $2.8 billion would go to the account of the central bank.