Ukraine should seek this fall a new IMF support program of up to $10 billion and lasting up to four years,

Monday, August 12, 2019
Ukraine should seek this fall a new IMF support program of up to $10 billion and lasting up to four years,

Ukraine should seek this fall a new IMF support program of up to $10 billion and lasting up to four years, Dmytro Sologub, a deputy governor of the National Bank of Ukraine, tells FinancialObserver.eu website. An IMF deal would reassure investors and unlock as much as $1 billion a year in World Bank and EU aid, he says. The major financial obstacle ahead, he says, is cleaning up the mountain of nonperforming loans at the state-held banks.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Ivan Svitek is stepping down as general manager of Alfa-Bank (Ukraine)

Ivan Svitek is stepping down as general manager of Alfa-Bank (Ukraine)

Next post
Construction is to start this fall on Europe’s second-largest onshore wind farm, located on the Zaporizhia coast of the Sea of Azov. London-based VLC Renewables has reached financial close with LongWing Energy S.C.A. to build the first 98 MW phase of a 500 MW wind farm.

Construction is to start this fall on Europe’s second-largest onshore wind farm, located on the Zaporizhia coast of the Sea of Azov. London-based VLC Renewables has reached financial close with LongWing Energy S.C.A. to build the first 98 MW phase of a 500 MW wind farm.

Previous Main Topics