It is unlikely that Ukraine will get any more money from its $5 billion June 2020 Stand-By Arrangement with the IMF,

writes Concorde Capital’s Alexander Paraschiy. He calls the Wednesday night call between President Zelenskiy and IMF Managing Director Kristalina Georgieva “a clear indicator that Ukraine failed to meet its commitments to the Fund.” Looking at the calendar, he adds: “The IMF mission in September gives little chance for Ukraine to get any tranche from the fund by the time the state budget for 2022 is voted on, which is no earlier than late November.”