Ukraine will need a new IMF bailout program in coming years to plug an up to $5.5 billion-a-year hole in its finances, the Institute of International Finance warns. If bond market lenders do not roll over – or renew – their loans, Ukraine will not have enough cash. Ukraine has only received half of a $17 billion IMF package that expires next March. Payment of another tranche is held up in negotiations over domestic gas prices and an independent anti-corruption court. In an interview with Interfax-Ukraine, Ihor Mazepa, head of Concorde Capital, estimates that Ukraine has 50-50 chances of getting the next tranche.
Ukraine will need a new IMF bailout program in coming years to plug an up to $5.5 billion-a-year hole in its
