Ukraine to get opportunity to refuse from IMF credits by 2023

Source : 112 Ukraine

The refusal from debts will become possible through de-shadowing, through an increase of income, through an increase of efficiency of income, through the increase of our credit ratings
14:17, 16 June 2020

Serhiy Marchenko
Open source

Finance Minister Serhiy Marchenko believes that by 2023, the government of Ukraine will obtain an opportunity to refuse from the IMF credits, as RBK-Ukraine reported.

“We believe that we will have an opportunity by 2023 – already in 2022 say that there are zero credits from the IMF in the budget. In other words, we have the possibility through de-shadowing, through the increase of income, through the increase of efficiency of income, through the increase of our credit ratings,” Marchenko stated.

Related: Key questions about IMF-Ukraine agreement

According to him, Ukraine strives for obtaining the rating of investment level.

“Yes, Moody’s really improved our rating. Possibly, it is not a rating that we wanted. We would like to see the rating of the investment class,” the Finance Minister noted.

He assured that the government knows what to do to reach the mentioned goal.

Related: IMF mission might visit Ukraine in July-August, - Minister of Finance

As we reported, the Moody's international rating agency upgraded the rating of the long-term issuer and priority unsecured obligations of the Ukrainian government to B3 from Caa1.

As we reported, the Executory Board of the International Monetary Fund approved the 18-month-long stand-by funding program for Ukraine. The Ukrainian government will, thus, get access to 3.6 billion SDR (about five billion dollars).


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