Ukraine's gold, currency reserves up to $18 bln - Yatseniuk
Ukraine has managed to restore cooperation with international financial organizations and other international partners and to increase international reserves amid difficult economic and political conditions, Ukrainian Prime Minister Arseniy Yatseniuk said.
"The figure of gold and currency reserves is $18 billion now," Yatseniuk said when speaking in Verkhovna Rada on Tuesday.
It has been reported that in January-April Ukraine's international reserves dropped 30.3%, or $6.19 billion to $14.226 billion, or two months worth of imports.
In late April the International Monetary Fund (IMF) approved allocating Ukraine a loan of $17.1 billion and the first tranche of $3.2 billion has already been transferred. The IMF decision has opened the assistance of other international financial organization for Ukraine. In particular, Ukraine has attracted $1 billion from selling bonds under the U.S. guarantees, got a $750-million loan from the World Bank and 100 million euro of macro-economic assistance from the European Union.
It is expected that cooperation with the IMF will allow increasing Ukraine's international reserves to $19.2 billion, or 2.6 months worth of imports by late 2014 and to bring them to $26.7 billion, or 3.4 months worth of imports in 2015.
