Ukraine expects the International Monetary Fund (IMF) to approve a $ 5 billion loan package at its board meeting on June 5 and pay out the first tranche of $ 1.9 billion the following day, Prime Minister Denys Shmygal said the Reuters news service on Friday.
Ukraine needs the loans to survive the economic shock caused by the coronavirus pandemic. According to a preliminary estimate, gross domestic product could decrease by 12% in the second quarter of this year, Shmygal said in an interview.
He also said the government would allow wheat exporters to export without restrictions for the next two months.
Source
Hansa Terminhandel GmbH
