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Economy 2020-04-15T06:45:51+03:00
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NBU Expects To Receive USD 5.4 Billion From IMF In 2017, USD 2.9 Billion In 2018

NBU Expects To Receive USD 5.4 Billion From IMF In 2017, USD 2.9 Billion In 2018

IMF, EU, tranche, NBU, funding, Eurobond, EFF

The National Bank of Ukraine (NBU) expects to receive USD 5.4 billion from the International Monetary Fund (IMF) in 2017 and USD 2.9 billion in 2018.

Ukrainian News Agency learned this from the NBU inflation report.

The receipt of official funding in 2016 remains unchanged: USD 4.8 billion, including USD 2.3 billion from the IMF (a USD 1.3 billion tranche is expected in Q4).

The regulator projects USD 7.6-7.7 billion of official funding of Ukraine in 2017: USD 5.4 billion from the IMF, USD 1 billion of United States-guaranteed Eurobond, USD 600 million from the European Union and USD 600-700 million from other sources.

The IMF is expected to disburse the funds in 2017 in four tranches: USD 1.99 billion in Q1, USD 1.33 billion in Q2, USD 1.33 billion in Q3 and USD 735.8 million in Q4.

Ukraine is expected to receive four more tranches from the IMF in 2018: two of USD 735.8 million each and two of USD 736 million (approximately USD 2.9 billion in all).

Ukraine will place USD 2 billion additional external bonds in 2018.

Thanks to the continuation of external funding, international reserves are projected to grow up to USD 17.5 billion at end-2016 and USD 27.8 billion at end-2018.

As Ukrainian News Agency earlier reported, the IMF opened a four-year USD 17.5 billion Extended Fund Facility (EFF) programme for Ukraine on March 11, 2015.

Under the programme, after the first tranche of USD 5 billion the IMF was to disburse three more tranches of 1.182 special drawing rights (nearly USD 1.7 billion) each.

Ukraine received the first tranche of USD 5 billion on March 13 and the second of USD 1.7 billion on August 4, 2015.

Ukraine had to receive four tranches last year, but two reviews of the programme were postponed until 2016.

In 2016, the allocation of funds has been postponed several times. After the formation of the new Government, an IMF mission arrived in Ukraine (was working from May 10 to 18).

When the e-declaration of officials’ incomes commissioned in mid-August, the IMF set the date of consideration of disbursement of a tranche for September 14, 2016.

In September, the IMF approved a USD 1 billion tranche for Ukraine.

The NBU looks to receive the next IMF tranche of USD 1.3 billion before the yearend.

Больше новостей о: IMF EU tranche NBU funding Eurobond EFF

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