KYIV, Oct 14 – Ukraine's annual expenses for using the resources of the International Monetary Fund (IMF) will decrease by $130 million, thanks to the IMF's decision to lower its fees, according to Vladyslav Rashkovan, IMF Executive Director representing Ukraine.

"The IMF Board of Directors has decided to reduce its fees (charges, surcharges, and commitment fees) that affect the cost of resources for developing countries with IMF financing programs. On average, the fees will drop by 36%, which will reduce the IMF's annual revenue by approximately $1.2 billion," Rashkovan wrote on Facebook on Monday.