The national Bank said that Ukraine needs a new loan program from IMF
In the coming years Ukraine will have to pay significant debts on previously obtained loans. To borrow money nowhere, so you need to negotiate with the International monetary Fund about a new program, because the current will be completed through the year.
“We have not started negotiations with the IMF on a new cooperation program, but I think when possible. At the meeting with the Ministry of Finance we will initiate such negotiations with the International monetary Fund”, – said the acting Chairman of the Board of the national Bank Jacob Smoliy, quoted by UNIAN.
Poroshenko behind closed doors had discussed with Lagarde questions regarding tranche of the IMF loan
Peak payments on external debt service in Ukraine is in 2019-2020 years, and the current program with the IMF expires in the first quarter of 2019. The government and the NBU in the period of 2018-2020 years to make external payments totaling $ 16 billion.
Recall that the current four-year program eff EFF from the IMF for a total amount of 17.5 billion dollars began to operate from March 2015. In recent years Ukraine has received four tranches for a total amount of 8.7 billion dollars. The last of them in the spring of last year. About it writes “Interfax-Ukraine”.
In the framework of the revision of the cooperation program, which opens the way to obtain the fifth tranche, the IMF still continues to explore the Verkhovna Rada adopted the law on pension reform. In addition, Ukraine still needs to adopt legislation establishing an anti-corruption court, reform the process of privatization of state-owned enterprises to be transparent and based on market mechanisms and perform the adjustments in domestic gas tariffs in accordance with the previously approved formula.
Earlier , the national Bank reported that in 2018 it expects to receive two tranches of the IMF totaling 3-3. 5 billion dollars.
- National Bank
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