Ukraine will be able to qualify for a new IMF program no earlier than 2020 – national Bank head
Ukraine will be able to qualify for a new IMF program no earlier than 2020 – national Bank head
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The new program will duplicate the conditions that Ukraine has not fulfilled under the current program.
Because of the presidential elections of 2019 in Ukraine, Kiev will be able to count on a new loan programme from the International monetary Fund not earlier than 2020.
This was stated by the Chairman of the national Bank Jacob Smoliy, writes UNIAN.
“During the election of a new IMF programs is not considered. So next year we should not expect a new program. I think it may be 2020, if there is such a need,” – said resin.
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The IMF reminded of the critical condition for the resumption of lending to Ukraine
The new program will duplicate the conditions that Ukraine has not fulfilled under the current program.
“I believe so, Yes. Need to go back to review the obligations that Ukraine took. Without these reforms it impossible to continue economic growth”, – said the head of the NBU.
If Ukraine will not receive the next tranche from the IMF under the current program (and behind it the chain Relatie and from other international financial institutions), the NBU will conduct a tougher monetary policy – to curb inflation and the withdrawal of capital abroad. About it writes “Interfax-Ukraine”.
“If there is growing inflationary pressure, of course, the Bank will strengthen its monetary tools to curb inflation, will impose certain restrictions to prevent possible withdrawal of capital,” – said resin.
Recall, the current four-year program EFF extended Fund in the amount of 17.5 billion dollars, the IMF agreed to Ukraine in the spring of 2015. Kiev from the money received only half of the 8.7 billion UAH, because I always slow on reforms.
In the fourth revision of the 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 should adopt legislation establishing an anti-corruption court, reform, and carry out the adjustment of domestic gas tariffs in accordance with the previously approved formula.
Videoizle deputies will not create anti-corruption court on fair footing, the IMF will refuse to provide loans
The second reading continues. Next week the Verkhovna Rada will have the opportunity to take the act as a whole. MPs slow the process, but that new political institutions to be. June 5-7 the law must be voted on. Otherwise, Ukraine will not receive IMF tranche. The establishment of this court is a test of the political will of the political elite to combat corruption.
TSN. Week
27 may, 21:34
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