13:26 25.01.2016

Poroshenko expects to get $1.7 bln from IMF for Ukraine's forex reserves

2 min read
Poroshenko expects to get $1.7 bln from IMF for Ukraine's forex reserves

Ukraine's President Petro Poroshenko has said that during his visit to Davos he agreed with Managing Director of the International Monetary Fund Christine Lagarde the matters relating Ukraine's getting the next tranche of the loan.

"I'm really proud of the way Lagarde characterized our work. She said that Ukraine had surprised the world," Poroshenko said in an interview with Ukrainian TV channels aired on Sunday evening.

According to the president, Ukraine expects to get a tranche of $1.7 billion from IMF soon.

"Ukraine's foreign exchange reserves will soon receive $1.7 billion. And that's not all," the head of state said.

He recalled his meeting with the president of Switzerland, during which they agreed that Switzerland will grant Ukraine a loan of $200 million, which also will go to replenish the forex reserves. "And this will mean the exchange rate, and the stability of the financial system, the national currency," Poroshenko said.

The president also said it was he who asked to remove from the pension reform the clause about the increase of the retirement age.

"I can say that I asked to take out of the pension reform the requirement about raising the retirement age and, given the complex social situation in which Ukraine has found itself, we reached these compromises," Poroshenko said.

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