“Additional funds in the amount of $ 15 billion, stated by the head of the IMF, is not cash, but an additional amount of funds that may arise as a result of proper management of public debt of Ukraine. And this is exactly what we will focus on,”- said Yatsenyuk at the meeting of the Cabinet of Ministers. However, he did not specify what exactly the “proper management of public debt of Ukraine” entails.
On February 12, during his speech at a special briefing, Yatsenyuk said that Ukraine asked the IMF to approve the four-year program for allocating to the state about $ 25 billion. Of these, $ 17.5 billion will be used to stabilize the financial situation.
On the same day, the head of the IMF Christine Lagarde said that the total amount of financial assistance to Ukraine will amount to $ 40 billion. According to her, the loans will come from “several sources”. These funds will be provided in exchange for reforms that Ukraine will implement within four years for economic and financial stabilization of the state.
On April 30, 2014, the IMF approved a stabilization program stand by. As part of this program, Kiev should receive $ 17 billion over two years. The first tranche of the program, equal to $ 3.16 billion, was received by Ukraine at the beginning of May 2014. The second tranche (1.39 billion dollars) – in September.