Ukraine should receive $2.7 billion from the IMF by late August, in time for $3 billion in debt payments due in September,

Vladislav Rashkovan, Ukraine’s Alternate Executive Director to the IMF, writes on Facebook from Washington. The funds will be Ukraine’s portion of a $650 billion distribution of IMF money approved Thursday by the IMF Board. “This is a very positive step by the IMF, including for Ukraine, as it will help the government to calmly manage public finances,” Rashkovan wrote. The IMF Managing Director, Kristalina Georgieva, said in a statement Friday: “We expect the SDR allocation to be completed by the end of August.”