Shapovalov: IMF confirms Ukraine’s national bank meets all conditions

A senior Ukrainian central bank official said on Wednesday The IMF had confirmed that the national bank of Ukraine met all initial conditions set for a $16.4 billion loan, First Deputy NBU Chairman Anatoly Shapovalov told a news conference.

“The IMF confirmed that we met all conditions we undertook at the first stage,” Shapovalov said. “We have two criteria: the monetary base and the net international reserves at the rate fixed as of the date when the program was set up. We met both conditions,” he added.

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