IMFmoney

Monday, September 6

IMF Fund mission is expected shortly, and Ukraine intends to request the next tranche. Oleh Ustenko, adviser to the president on economic issues, has told Dom TV that in fulfillment of its obligations, Ukraine is strengthening the independence of the National Bank and intensifying effor...

Wednesday, September 1

What IMF assistance will be used for. According to Prime Minister Denys Shmyhal , the $2.7 billion in non-refundable financial assistance received from the International Monetary Fund in August will be used to contribute to macroeconomic ...

Wednesday, August 4

In Kyiv, three presidential advisors told reporters yesterday that they are optimistic about the IMF’s planned mission here next month. Oleh Ustenko, economic adviser to Zelenskiy, told Interfax-Ukraine: “Literally in September, I expect that we will receive a new tranche.”

Wednesday, April 28

Adamant Capital yesterday wrote: “The placement occurred with a small (10-20bps) yield premium to the market, suggesting that it was well received, despite the apparent delays in the state’s program with the IMF. The timing suggests ...

Concorde Capital’s Alexander Paraschiy wrote that the new issue “looks like a success.” 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 li...

Tuesday, April 27

J.P. Morgan has predicted that Ukraine’s GDP will grow by 5.6% this year, said the bank in its April commentary. This is higher than Ukraine’s Central Bank, which lowered its forecast last week to 3.8%. The Economy Ministry came out last week with a ‘consensus forecast’ of ...

Tuesday, April 13

Separately, Shevchenko told Interfax-Ukraine last week that Ukraine should receive two tranches from last June’s $5 billion IMF Stand-by Agreement “given the longer course of negotiations.” Ukraine has been in on-again, off-again talks with the IMF since last fall. He said that he hoped that the Rada will pass legislation in coming weeks so that...

Thursday, April 1

Facing $6 billion in external borrowing that are needed this year, Ukraine is “already uncomfortable” without the $3 billion in remaining IMF tranches , Finance Minister Serhiy Marchenko said in a lengthy interview with LIGA. “We have no opportunity to receive income from another source,” he says. “The IMF program is our baseline scenario.” He said ...

Tuesday, February 23

From London, Timothy Ash speculates that delays in receiving tranches from the $5 billion program From London, Timothy Ash speculates that delays in receiving tranches from the $5 billion program could be because Ukraine’s government knows it can borrow at low rates in international markets while ...

“Zelenskiy needs to understand that the Fund is in the end a creditor,” “Zelenskiy needs to understand that the Fund is in the end a creditor,” writes Ash, senior emerging market strategist at BlueBay Asset Management. “It sets the terms, as it is lending the money at a d...

With the first 500,000 coronavirus vaccines expected to arrive in Ukraine from India this weekend, With the first 500,000 coronavirus vaccines expected to arrive in Ukraine from India this weekend, Health Minister Maksym Stepanov sketched out yesterday the latest information on future deliveries:

Ukraine’s goal is to vaccinate half of the adult population Ukraine’s goal is to vaccinate half of the adult population – about 15 million people – by the end of this year. Ukraine’s EU land neighbors – Poland, Slovakia, Hungary and Romania — have alread...

Construction starts this year on the first leg of a planned network of high speed, European gauge tracks across Ukraine Construction starts this year on the first leg of a planned network of high speed, European gauge tracks across Ukraine, Infrastructure Minister Vladyslav Krikliy told a national infrastructure confer...

The first step will be to start building this year of 80 km of EU gauge tracks from the Polish border to western Lviv’s Sknilov station, near Lviv airport The first step will be to start building this year of 80 km of EU gauge tracks from the Polish border to western Lviv’s Sknilov station, near Lviv airport. This would allow travel from Poland to Lviv ...

South Korea’s Hyundai Corp. is ready to start negotiating with South Korea’s government and multilateral lenders to win financing for a major part of track construction and for 10 high speed trains South Korea’s Hyundai Corp. is ready to start negotiating with South Korea’s government and multilateral lenders to win financing for a major part of track construction and for 10 high speed trains, E...

Ukraine plans to launch a state-owned national airline by the end of this year Ukraine plans to launch a state-owned national airline by the end of this year, Kyrylo Tymoshenko, deputy presidential chief of staff, told reporters yesterday at the infrastructure forum. “We have an...

For domestic flights, the airline would use Antonov jets For domestic flights, the airline would use Antonov jets, which are not accepted in the EU. To promote, regional air travel Tymoshenko vowed to follow through on the government’s promise to abolish th...

The location of a new airport for Ukraine-controlled Donbas is to be decided this year The location of a new airport for Ukraine-controlled Donbas is to be decided this year, President Zelenskiy said yesterday. After seven years of war, the government wants to return air travel to the r...

Zakarpattia’s new airport will probably be in Seredenje Zakarpattia’s new airport will probably be in Seredenje, a farming town of 4,000 people, midway between the region’s two most populous cities, Uzhgorod, the capital, and Mukachevo. Uzhgorod’s airport ...

An international brand hotel will soon replace the long-shuttered hotel Odesa at the city’s cruise passenger terminal An international brand hotel will soon replace the long-shuttered hotel Odesa at the city’s cruise passenger terminal, Tymoshenko, the deputy presidential chief of staff, said yesterday. Opened in 200...

UAE companies “ UAE companies “are talking about a big project – the construction of a large marina in Odesa and a large separate port,” President Zelenskiy said yesterday, fresh from a 2-day working visit to t...

President Zelenskiy said he is ‘confident’ that Ukraine will get IMF funds by the end of this year. President Zelenskiy said he is ‘confident’ that Ukraine will get IMF funds by the end of this year. If a deal cannot be reached on the remaining $2.9 billion, “there is plan B, plan C,” he told report...

Monday, February 15

At stake are soft loans of At stake are soft loans of: $2.9 billion from the IMF, $750 million from the World Bank and €600 million from the EU. With $29 billion in foreign currency reserves and manageable debt repayments throu...

Hours before talks were suspended, Dragon Capital wrote Hours before talks were suspended, Dragon Capital wrote: “Moderate fiscal funding needs in the coming months suggest no urgency about IMF financing…We expect a $0.7bn second tranche in July-Augu...

With Eurobond rates low, Ukraine may not feel urgency With Eurobond rates low, Ukraine may not feel urgency, analysts say. With the Biden Administration forming its policy and team for Ukraine, the IMF may be waiting to get clear signals from the US, its...

Tim Ash writes from London Tim Ash writes from London: “It’s always a frustration in Ukraine that in times of flush global market liquidity reform momentum stalls…Markets can of course turn… Ukrainian policy makers would ...

In response, President Zelenskiy promised to submit to the Rada this week needed In response, President Zelenskiy promised to submit to the Rada this week needed draft bills to improve the judicial system and “insist” lawmakers debate them “quickly.” Finance Minister Serhiy Marche...

Russian sanctioned eight more Ukrainian companies Friday, raising the total to 84. Russian sanctioned eight more Ukrainian companies Friday, raising the total to 84. The new decrees includes: vessel maker Craneship, towage firm Donmar, cargo operator Transship and metal producer Max...

Yuriy Gusev, Ukroboronprom’s director general, yesterday signed $1 billion worth of agreements and contracts in the United Arab Emirates Yuriy Gusev, Ukroboronprom’s director general, yesterday signed $1 billion worth of agreements and contracts in the United Arab Emirates with the country’s two leading military equipment manufacturers...

Nicknamed “Little Sparta” Nicknamed “Little Sparta” by former US Defense Secretary James Mattis, Sunni-dominated UAE is a close ally of Saudi Arabia and faces Shia Muslim Iran across the Strait of Hormuz. Government-owned EDGE...

With the UAE’s Hope probe now in Mars orbit, Ukrainian space and high tech companies could contribute to boosting bilateral trade With the UAE’s Hope probe now in Mars orbit, Ukrainian space and high tech companies could contribute to boosting bilateral trade, Zelenskiy said yesterday in a meeting with Sheikh Muhammad bin Zayed ...

“Ukraine can and will become a guarantor of food security in the Emirates,” Zelenskiy told WAM, the Emirates News Agency “Ukraine can and will become a guarantor of food security in the Emirates,” Zelenskiy told WAM, the Emirates News Agency, shortly after arrival on Saturday. “We are among the world leaders in the expo...

The six-month Expo ideally will promote Emirates investment and tourism in Ukraine The six-month Expo ideally will promote Emirates investment and tourism in Ukraine, Zelenskiy said. In 2019, 250,000 Ukrainians flew to Dubai, the Emirates’ largest city, using four airlines – flyduba...

The European Investment Bank will lend €270 million to rebuild Boryspil airport’s 50-year-old western runway The European Investment Bank will lend €270 million to rebuild Boryspil airport’s 50-year-old western runway, the EU bank announced Friday at its Luxembourg headquarters. In addition to replacing the ...

The EIB also is loaning Ukraine €50 million to buy Covid-19 vaccines and modern refrigeration equipment to store them The EIB also is loaning Ukraine €50 million to buy Covid-19 vaccines and modern refrigeration equipment to store them, the bank reported Friday. Earlier, the World Bank announced it would loanvUkraine...

Vaccinations are to start in Ukraine this week Vaccinations are to start in Ukraine this week, Viktor Lyashko, chief sanitary doctor and deputy health minister, said Saturday. Over the next 10 weeks, 367,000 people are to be vaccinated – largely s...

After six weeks of remote talks, an IMF team in Washington suspended its work Friday with Ukraine After six weeks of remote talks, an IMF team in Washington suspended its work Friday with Ukraine, awaiting “more progress.” Needed steps include adopting legislation to restore anti-corruption bodies...