Ukraine will have to pay the IMF almost $ 1 billion before the end of the year
As of August 31, Ukraine had to transfer to the International Monetary Fund (IMF) until the end of 2026 708.6 million Special Drawing Rights (SDR), or about $960 million, to repay and service the debt.
As of August 31, Ukraine had to transfer to the International Monetary Fund (IMF) until the end of 2026 708.6 million Special Drawing Rights (SDR), or about $960 million, to repay and service the debt. This follows from the schedule of payments on the IMF website.
This amount includes payments planned for September – a total of 185.4 million SDRs. On October 5, the schedule provides for the payment of 61.2 million SDRs, on October 9 – another 125.7 million SDRs.
In November, Ukraine will transfer 210.5 million SDRs to the fund, including interest, fees and repayment of principal. Another payment — 125.7 million SDR — is scheduled for December 9.
Special Drawing Rights (SDRs) are an international reserve asset created by the IMF in 1969 to replenish countries’ foreign exchange reserves; the SDR is not a currency, but can be exchanged for freely usable currencies.
The value of the SDR is determined daily by the IMF on the basis of a basket of five currencies – the US dollar, the euro, the Chinese yuan, the Japanese yen and the pound sterling, with their shares periodically revised. Therefore, the SDR-dollar exchange rate does not automatically equal $1: it represents the total dollar value of fixed amounts of the five currencies of the basket and changes with their market rates.
