In the absence of credit from the IMF, the dollar will be over 30 hryvnia – expert
Without loans from the International monetary Fund and related loans from other financial organizations, the Ukrainian hryvnia will rapidly lose ground, and the dollar may be more than 30 UAH. Also continued cooperation with the IMF will help to ensure that Ukraine will be able to attract more foreign direct investment that is necessary to accelerate the growth of the economy.
This opinion was expressed by the founder of investment company “dragon Capital” (Kiev), President of the European business Association Tomas Fiala, reports “Interfax-Ukraine”.
“If the second quarter of 2018 will not be able to resume funding for the IMF, you can forget about the stability of the hryvnia. If not (loan) IMF, the exchange rate clearly step over 30 hryvnia for one dollar. The question is – where will he stay?”, – Fiala said at a press conference in Kiev.
If cooperation with the IMF will resume and he will allocate loans, the dollar will fluctuate in the range of 26-29 UAH, says the President of the European business Association. In particular, “dragon Capital” expects its average rate of 27.5 hryvnias per dollar.
See also:
The IMF saw the risks in the budget in 2018, do not exclude the possibility of revising the document
Fiala said that the delay in funding for the IMF already contributes to the weakening of the hryvnia. He recalled that during 2017, the hryvnia lost to the dollar and 2.5% against the Euro – 14-15%.
At the same time, Finance Minister Alexander danyluk hopes to receive next year more than two tranches from the IMF, UNIAN reports.
“The national Bank sees two tranches. I hope we get more – it’s absolutely realistic,” danyluk said at the briefing.
Earlier , the NBU expressed the opinion that Ukraine needs to start negotiations with the IMF on a new loan program.
“My position as Minister of Finance, we have successfully run this program. This (relatively new program) is not true,” said danyluk.
We will remind, necessity of attracting loans from the IMF and international financial institutions in 2018-2019 increase significantly in connection with the onset of peak payments on the national debt, the presidential and parliamentary elections in Ukraine.
Videopsp, refused to discuss the next tranche of the loan, since Ukraine is not fulfilling its obligations
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17 Dec, 20:31
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