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National Bank: Ukraine might not get another IMF loan by late 2016

Source : 112 Ukraine

Not much time left before U.S. and EU governmental authorities go for a winter break, - Deputy Head of the NBU Oleg Churiy
14:26, 18 November 2016

Reuters

There are only few chances Kyiv could get the next IMF loan worth 1.3 billion dollars by the end of the year. Deputy Head of the National Bank Oleg Churiy said this as quoted by UNN news agency.  

‘The risks of not getting that loan are high now; there’s not much time left before the IMF holds their board session. There aren’t many working days left in December. Soon, the United States and Europe will go for winter vacations; we don’t have much time to go,’ he said.  

Churiy added that adopting the law on Ukraine’s 2017 state budget will speed up the making of the decision when the IMF Board would hold their session. The sooner the law is adopted, the better, he said.

The official also stressed that the pension reform is one of the major issues to be solved in Ukraine for the successful cooperation with the IMF to continue.

The IMF mission came to Ukraine on November 3 and finish their work this week.  

Related: IMF mission to complete work in Kyiv by Monday

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Related: IMF: Ukraine needs drastic action against corruption

Related: IMF to assist Ukraine’s National Agency on Corruption Prevention

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