IMF to decide on R15bn Ukraine tranche

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Valeria Hontareva1 Reuters. Ukraine central bank chief Valeria Hontareva.

Kiev - Ukraine expects that a decision on disbursement of a second $1.4 billion (R15 billion) tranche of aid by the International Monetary Fund under a $17 billion loan programme will be adopted on August 29, Central Bank chief Valeria Hontareva said on Friday.

Ukraine, which is battling pro-Russian separatist rebels in the east of the country and whose economy has been in recession since 2012, received a first tranche of $3.2 billion under the programme in May. - Reuters

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