Central Bank rejects reports Russians lost over $1.1 bln in pension fundsBusiness & Economy September 28, 20:53
Nemtsov murder trial to take place at Moscow court on October 3Russian Politics & Diplomacy September 28, 20:11
Lavrov draws Kerry's attention to reports Jebhat al-Nusra receives weapons from USRussian Politics & Diplomacy September 28, 19:30
Russian defense ministry doubts objectivity of MH17 crash investigators' reportRussian Politics & Diplomacy September 28, 19:07
Investigators of MH17 crash fail to match real damage — missile manufacturerWorld September 28, 18:12
"Illegal geologists" detained in Russia for trying to sell uncut 1 kg emeraldSociety & Culture September 28, 17:33
Moscow considers MH17 probe biased, politically motivated — foreign ministryRussian Politics & Diplomacy September 28, 17:10
Central Bank notes improvement of Russia’s credit rating by foreign investorsBusiness & Economy September 28, 17:03
IOC to discuss reforming global anti-doping system in LausanneSport September 28, 16:24
KIEV, May 05. /ITAR-TASS/. Kiev will use the first portion of the International Monetary Fund (IMF) loan for augmenting its gold and currency reserves in order to stabilize the financial situation in the country, National Bank Chairman Stepan Kubiv said on Monday, May 5.
“Over $1 billion from the first portion of the loan will go into the gold and currency reserves of Ukraine, which will strengthen the financial system of the country. The remainder will go to the budget to stabilize the macroeconomic and financial situation in Ukraine,” he said.
Kubiv believes that the IMF loan “will send a positive signal to foreign investors and domestic entrepreneurs, improve the investment climate in the country and stabilize the hryvnia”.
On April 30, the IMF Board of Governors approved a two-year standby credit facility of $17 billion for Ukraine. The first portion will amount to around $3.2 billion.