Danyluk expects $ 1 billion tranche from the IMF in early February

The Minister of Finance of Ukraine Alexander danyluk expects to receive another tranche from the International monetary Fund in the amount of about $ 1 billion in early February, reports Reuters, citing an interview with Minister in Davos (Switzerland) in the framework of the world economic forum, Pisz said.

Expert: Ukraine to receive IMF tranche in February 2017 – is unlikely

«We are planning to receive about 1 billion dollars», — said the Minister.

Danyluk said that Ukraine continues to reform the economy under the IMF program to receive the next tranche of the loan, including the adoption of the budget in 2017 with an acceptable deficit of 3% of GDP. According to him, is also expected to receive guarantees from the US, but the Minister has not announced details.

Earlier the President of Ukraine Petro Poroshenko in an interview with Bloomberg in Davos, said that Ukraine expects to receive a tranche of the IMF in the coming weeks, because by the end of 2016, our country has fulfilled all the conditions from the previous Memorandum with the Fund.

In turn, the Prime Minister Volodymyr Groysman noted that Ukraine continues negotiations with the IMF.

As reported, Ukraine resumed cooperation with the IMF on a four-year program of expanded financing (EFF) in the amount of 17.5 billion dollars in September 2016 after more than a year break. Under this program, our country received three loan tranches with a total volume of 7.62 billion dollars.

The Ministry of Finance expects that the Board of Directors meeting on Ukraine will take place in late January. The Fund noted that the exact date of meeting is not, however, the Board of Directors will meet to discuss the reform program with Ukraine «in the coming weeks.»

Expert: Ukraine to receive IMF tranche in February 2017 – is unlikely

Based on currently published data, for Ukraine IMF tranche in February 2017 – is unlikely. This opinion was expressed by head of the Committee of economists of Ukraine Andriy Novak in the comments of ГолосUA.

«The recently published new conditions for the loan money from the IMF require quite a long time for its implementation, however, if to speak about chances of getting a loan in the month of February, he, though small, but there. However, this is not due to economic indicators, and possible political agreements, because other reason such statements danyluk I do not see» – said the expert.

According to Novak it is also necessary to understand that Ukraine is in desperate need billions of dollars, but having money is a kind of demonstration to the West that Ukraine can still be trusted and our country, you can still provide financial support.

«The amount of the tranche for Ukraine is not particularly important. For our country the important fact continue cooperation with the IMF. We, today, are a country with high risks and if we stop working, the international monetary Fund, the whole world will also cease to operate», — he stressed.

In General, economists believe that the credit money Ukraine will receive in any case. The main questions still remains: «When?» and «what conditions?». However, to believe that it could happen in February 2017 not worth it.

Danyluk expects $ 1 billion tranche from the IMF in early February 18.01.2017

Январь 18th, 2017 by
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