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IMF agrees to disburse $1.7 billion to Ukraine

Reuters

KIEV (Reuters) - Ukrainian President Petro Poroshenko said on Saturday the International Monetary Fund had decided to disburse a second tranche of financial aid worth $1.7 billion.

"Ukraine has received $1.7 billion from the IMF. This decision was adopted this week," Poroshenko said in a televised interview.

Prime Minister Arseny Yatseniuk said this week he expected the IMF to make a decision on the second tranche on July 31.

Ukraine has so far received $5 billion from the International Monetary Fund, out of an overall pledge of $17.5 billion. To get more, it had to implement reforms including legislative changes to the banking system and energy sector.

(Reporting by Pavel Polityuk; Editing by Angus MacSwan)