Quarterly Report-IMF Mission: Deal Possible?
IMF programme: Ukraine close to receiving a US$1.9bn tranche. An IMF mission will visit Ukraine on 6-19 September, which means the Fund and Ukraine have made substantial progress on agreeing the outstanding issues, such as gas tariffs for the population and the balanced budget. If negotiations are successful, Ukraine will not only secure receiving a US$1.9bn tranche from the Fund, but also have substantially higher chance to obtain financing from other creditors, which have a working IMF program as the key precondition of their aid: the World Bank's guarantee on a US$0.8bn loan and the EU's EUR1bn macro-financial aid package. Furthermore, successful deal with the IMF may turn financial markets more favourable for the government's plan to issue US$2bn of Eurobonds. Resumed weakening of UAH, government liquidity pressures and a US$10.7bn pile of FX debt to be paid in 2H18-2019 make the IMF deal critical for Ukraine.
ICU IS A FINANCIAL SERVICES GROUP PROVIDING SECURITIES TRADING, INVESTMENT BANKING AND ASSET MANAGEMENT FOR PRIVATE AND INSTITUTIONAL INVESTORS.
More information about ICU you can find at https://www.icu.ua/
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.