S&P believes that the fifth tranche of the IMF may be the last for Ukraine

 

The fifth tranche of the International monetary Fund in the amount of $ 1.9 billion, which the Finance Ministry expects to receive in may-June of the current year may be the last for Ukraine until 2020.
This is stated in the report of international rating Agency S&P Global Ratings, reports UNIAN.

“The program for increased funding of the IMF will be completed in March 2019, and we do not expect any additional transfers in the framework of this program beyond the support provided in the fourth report of the IMF. Taking into account the schedule of elections, we do not expect to provide support after the completion of the extended Fund IMF in the period till 2020″, – stated in the message.

The Agency believes that after the elections, the process of coalition formation may be hampered, which could lead to negotiations on a new financing from the IMF will be postponed.

We will remind, earlier in the inflation report, the Bank stated that the Bank plans to sign a new financing program from the International monetary Fund in 2020.

By 2020, the NBU expects to receive IMF loan tranches totaling $ 2 billion.

Without the next tranche from the IMF’s successful entry into the markets of foreign borrowing is practically impossible.

The IMF, in turn, requires Ukraine review the price of gas.

Finance Minister Alexander danyluk said that Ukraine agreed with the EU on the conditions of the next tranche that will meet the priorities of economic development of Ukraine.

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