Analysts from JP Morgan and UBS predict that political maneuvering in advance of parliamentary elections will delay Ukraine’s receipt of a second IMF tranche this year.

Analysts from JP Morgan and UBS predict that political maneuvering in advance of parliamentary elections will delay Ukraine’s receipt of a second IMF tranche this year. “PM Groysman clearly signaled that he is moving away from IMF requirements as he announced he will be running in parliamentary elections,” JP Morgan economists Nicolaie Alexandru and Trang Nguyen write in a note. “Both Zelenskiy and most politicians are likely to call for populist measures rather than IMF-required reforms.” Separately, analysts at Swiss investment bank UBS predict that if the Rada does not approve new anti-corruption legislation, this summer’s $1.4 billion IMF tranche will be delayed.