Implementation of a swap agreement with China and Ukraine will help the last to cope with difficulties, the IMF

Almaty. April 8. Silkroadnews - Implementation of a swap agreement between China and Ukraine will help the last to cope with difficulties. This was stated by First Deputy Managing Director of International Monetary Fund (IMF), David Lipton, says the agency "Xinhua".
According to him, except China, Ukraine is negotiating with the other two or three countries entering into bilateral swap agreements. If agreements are reached, the foreign exchange reserves of Ukraine will be able to significantly increase.
D. Lipton noted that China recently launched a swap agreement, the amount of which is equal to approximately $2.4 billion. These funds are outside the plan of IMF to help Ukraine. By means of them, Ukraine's foreign exchange reserves will be able to support the volume of imports into the country within three months, ie until June, but not until March, as previously thought.
As recalled in the agency, in June 2012, the People's Bank of China and the National Bank of Ukraine signed a bilateral agreement on currency swaps amounting to 15 billion yuan (19 billion hryvnia).