Dragon Capital

Dragon Capital: “The announcement of an IMF mission visit is clearly positive and suggests the sides have made substantial progress on the IMF’s remaining conditions for the next loan tranche of $1.9 billion, namely gas tariff hike and corrective measures for the 2018 budget….At the same time, given the IMF’s previous experience with Ukraine, we think the Fund will not rely on promises and its mission will likely come only after the government approves resolutions on a gas tariff hike and measures to keep the 2018 budget deficit within the target of 2.5% of GDP.”