National Bank: Ukraine could get fourth IMF loan in early 2017

Key factors were successful nationalization of PrivatBank and approval of next year’s state budget
22:07, 22 December 2016


Ukraine can get another, fourth, loan from the International Monetary Foundation, under the EFF program in early 2017. Valeria Gontareva, the Head of the NBU, Ukraine’s National Bank, said this during Thursday interview, Interfax wrote.

‘We’re getting prepared to get the fourth loan. In January, I guess,’ she said.

According to Gontareva, the entire international society congratulated Ukraine and the National Bank on the successful nationalization of PrivatBank; the successful solution of that issue was the key factor for getting the loan.

‘The reforms are extremely urgent to continue cooperation’, Gontareva said, adding that the government plans to get another three loans throughout 2017.         

Related: Ukraine may receive IMF tranche in 2017 after budget adoption

Related: IMF considers PrivatBank nationalization an important step to ensure financial stability in Ukraine

Related: IMF to take into account Ukraine's debt to Russia making decision on next tranche

Related: Gontareva expects next IMF tranche in January-February 2017

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