The Board of Directors of the International Monetary Fund (IMF) approved an agreement on a stand-by credit mechanism in support of the Comprehensive Economic Program of Ukraine in the amount of $ 3.9 billion for a period of 14 months, said in a statement issued by the IMF following the meeting of the governing body.

It is reported that the first tranche of $ 1.4 billion will be allocated to Ukraine immediately. The rest will be provided on the basis of semi-annual surveys of the country's economy.

The head of the National Bank of Ukraine, Yakov Smolin, previously stated that the country expects to receive another loan from the IMF ten days before the New Year. Yakov Smolin noted that the reserves of Ukraine in national currency amount to $ 17.2 billion, and reserves in foreign currency - $ 19.2 billion.

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