The FINANCIAL — Vice Prime Minister for Economy Serhii Tihipko expects that the International Monetary Fund will grant USD 1.5-2 billion to Ukraine to cover state budget deficit, Tihipko told the Kontrakty publication.
Tihipko assumed that after the approval of allocation of the loan to Ukraine, the funds may be received in August.
The vice prime minister also said that taking in account the situation on international markets, the International Monetary Fund will grant decreasingly few funds to cover the state budget deficit and the major part of resources will be allocated for the replenishment of National Bank of Ukraine reserves.
Among major requirements of the IMF there are: the reduction of state budget deficit, subsidizing of the Naftohaz Ukrainy national joint-stock company from state budget, and also increase of housing and public utility services.
As Ukrainian News earlier reported, on July 3, the IMF said it reached agreement with Ukrainian authorities in allocation of USD 14.9 billion in the frames of new stand by loan.