Open source
The arrival of the next International Monetary Fund (IMF) mission in Kyiv is a step towards reducing uncertainty regarding further development of the situation in the Ukrainian economy and improving the expectations of market players.
This was stated by the Head of the National Bank of Ukraine, Yakiv Smolii, UNIAN news agency reported.
The prospect of obtaining financing from the IMF will have a positive impact on the situation on Ukraine’s foreign exchange market and will also improve the government’s ability to attract international debt resources on capital markets needed to make the highest public debt payments in 2018-2020, on acceptable terms, despite the weakening of the investors’ appetite to emerging market assets.
It should be noted that the mission of Ukraine’s key lender will arrive in Kiev on September 6.
«At the request of the Ukrainian authorities, an IMF mission will visit Kiev during September 6 -19, 2018, to discuss current economic events and policies,» – the Ukrainian International Monetary Fund office reported, citing the Resident Representative in Ukraine, Goesta Ljungman.
The mission will discuss the next steps, including financial assistance from the IMF in support of policies aimed to maintain macroeconomic stability and ensuring the development of the economy toward sustainable and inclusive growth.
As The Journalist reported, international rating agency Fitch Ratings claimed Ukraine’s creditworthiness depends on cooperation with the IMF.
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