Ukraine could get $5 bln in Western loans in May - PM

Ukraine expects to receive more than $5 billion in loans in May 2014 and use them to stabilize the economy and pay pensions and salaries, Prime Minister Arseny Yatseniuk has said.

Ukraine expects to receive more than $5 billion in loans in May 2014 and use them to stabilize the economy and pay pensions and salaries, Prime Minister Arseny Yatseniuk has said.

"In May, we will get the first tranche from the IMF worth $3 billion, $1 billion from the United States and up to 1 billion euro from the EU," the press service of the Ukrainian government quoted him as saying on May 1.

Yatseniuk said that part of these funds would be transferred to the foreign exchange reserves of the National Bank of Ukraine, whereas the other part would be used to stabilize the macroeconomic situation in Ukraine, as well as to ensure the timely payment of salaries and pensions.

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