He added: “It is too naive to expect Ukraine would be able to get more than one IMF tranche this year. Therefore, the Ministry of Finance’s reliance on such financing looks too optimistic, and most likely it will have to continue issuing market bonds this year.”
said Oleh Ustenko, a Presidential Economic Adviser, (Ukraina 24 TV). He said: “The bills we need to pass in order to get the tranche — the judiciary, its reform and the anti-corruption architecture — are currently being considered in parliament.”
Last October the Constitutional Court called an earlier law allowing for jail terms ‘excessive’ and struck it down. The new bill must be approved in final reading to be signed into law.
, Oleh Ustenko, the President’s economic adviser, told RBC-Ukraine in an extensive interview. “Amendments will be made to the law on banks and the law on the National Bank, which will increase its independence,” Ustenko said. He warned that it would be costly for the Finance Ministry to go to the Eurobond market without an IMF deal. He said of bond yields: “Without the IMF, it will be 1-2 percentage points higher.”