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Significance
Officials in Kyiv are still hopeful of receiving a long-delayed fifth IMF loan tranche under a 17.5-billion-dollar Extended Finance Facility (EFF) programme as early as May. This follows a period in late 2017 when government resolve to stay with the IMF and submit to its onerous and unpopular conditionality seemed to be waning.
Impacts
An absence of IMF funding this year will exacerbate pressures on the balance of payments and lead to currency devaluation.
Multilateral financing remains the only effective way of forcing systemic reforms.
A resumption in IMF lending, if it happens, should improve Ukraine's external credit ratings.
Keywords:
Ukraine,
RUCIS,
IMF-World Bank,
economy,
international relations,
capital flows,
debt,
finance,
gas,
government,
policy,
reform,
utilities
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2018
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