Ukraine expects $5 bln IMF loan approval on June 5 -PM
- Country:
- Ukraine
Ukraine expects the International Monetary Fund (IMF) to approve a $5 billion loan package at a board meeting on June 5 and the first tranche of $1.9 billion to be disbursed the following day, Prime Minister Denys Shmygal told Reuters on Friday.
Ukraine needs loans to weather an economic shock caused by the coronavirus pandemic. A gross domestic product could fall by 12% in the second quarter of this year, according to a preliminary estimate, Shmygal said in an interview.
He also said the government would allow wheat exporters to export freely for the next two months.
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