Ukraine could get $8 bln within new IMF program
The new program from the International Monetary Fund (IMF) will make it easier for Ukraine to get access funding in the amount of $8 billion and will allow it maintaining quiet a stable hryvnia exchange rate in 2019, Anders Aslund, an analyst from the American center of Atlantic Council, believes.
Ukraine is now likely to receive $2 billion from the IMF, $2 billion from the EU and the World Bank, the Ukrainian government is likely to place eurobonds for another $2 billion, as well as state-owned companies are likely to place eurobonds for another $2 billion or more, Aslund said in an interview with Voice of America.
The analyst noted that the new IMF program will allow increasing currency reserves of the central bank, which now amount to about $16.6 billion, which is the "absolute minimum."
"The reserves will grow to about $25 billion. This will be sufficient for the next year for Ukraine, when elections are held," the expert said.