Ukraine is unlikely to get IMF funding before the March 2019 elections,
Tuesday, July 10, 2018

Ukraine is unlikely to get IMF funding before the March 2019 elections,

Ukraine is unlikely to get IMF funding before the March 2019 elections, Concorde Capital writes in an analysis of hurdles and deadlines. The anti-corruption court and the gas price hikes must by approved in the next two weeks. Then, a Rada recess, followed by an IMF Board recess, pushes approval to September, a time when the IMF traditionally wants to see a state budget in line with deficit commitments. By December, the IMF will not want to sign with a Ukrainian government that might be out of office in April. Alexander Paraschiy writes: “If Ukraine does not reach any deal with the IMF staff this week (or next week, at the latest), the chance to get the IMF tranche under the existing program (that officially expires in March 2019) will be very low…[There is] a renewed risk of losing international funding in the amount of up to $3.3 billion in 2018, as well as the risk that gross international reserves will fall below three months of future imports already by the end of this year.”

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NOTE TO READERS: Today, I take my family to New York and New England for a one week vacation. The Morning News will return on Monday July 23. Thanks for your support! James Brooke/Kyiv

NOTE TO READERS: Today, I take my family to New York and New England for a one week vacation. The Morning News will return on Monday July 23. Thanks for your support! James Brooke/Kyiv

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