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Possible election of Zelensky not to influence economy quickly, - Moody’s

The agency notes that the next IMF program, possibly, will appear only after long negotiations
16:52, 4 April 2019

Volodymyr Zelensky, presidential candidate in Ukraine
Reuters

The International Rating Agency Moody’s notes that the possible election of Volodymyr Zelensky as the president will not rapidly influence the economic policy of Ukraine, as Ukrainian News reported.

“The highly restricted position of the government toward the liquidity and minimal access to the market also provides the authority with the powerful impetus to observe other key conditions of the current stand by the program in Ukraine provided by the International Monetary Fund,” the message said.

Consequently, the next IMF program, possibly, will appear only after long negotiations.

Related: Presidential elections 2019: Ukraine's CEC calls debates at stadium election campaigning

The agency also admits that these impetuses will diminish if the economic and financial conditions normalize after the presidential and parliamentarian elections as the unmet demand will, possibly, stimulate the economic activity in the private sector and the political risks may reduce and it will open the access to the markets.

Besides, Moody’s predicts that the rhetoric of Zelensky on issues of Donbas conflict can be more conciliatory and Crimea’s annexation by Russia and the occupied territories of Donbas will not be recognized by Zelensky.

As we reported, the Central Election Commission finished the procession of the protocols. Volodymyr Zelensky enters the first tour with 30,24% and Petro Poroshenko is the second with 15,95%.

Related: Ukraine's National Public Broadcasting Company ready to hold Poroshenko-Zelensky debates

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