IMF: Ukraine able to pay for debts itself. 

By bne IntelliNews February 22, 2010
Ukraine has sufficient foreign reserves to remain current on all external payment obligations, including payments for gas imports, Senior Advisor of the IMF External Relations Department David Hawley has said. Commenting on the possible resumption of the IMF's cooperation program with Ukraine , Hawley said that the fund was ready to discuss policy priorities and prospects for 2010 with the Ukrainian authorities. Hawley said that the IMF had not yet met with representatives of the Ukrainian authorities since Regions Party leader Viktor Yanukovych's victory over incumbent PM Yulia Tymoshenko in the presidential election, but added that our regular contacts with the authorities continue on an ongoing basis. On Nov 5, 2008 , the IMF decided to allocate around USD 16.45bn under the Stand-By Arrangement with Ukraine . On Nov 10, 2008 , Ukraine received a first tranche worth USD 4.5bn from the IMF. On May 8, 2009 , the IMF's Executive Board approved the allocation of a second tranche worth USD 2.8bn to Ukraine . On Jul 31, 2009 , the IMF transferred USD 3.3bn as a third tranche to Ukraine .

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Follow Us On

Most Read

  1. Russia’s war economy boosted by rising oil prices
    7 days ago
  2. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    5 days ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    6 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  5. Iran vs Israel: Who is better equipped for war?
    9 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    23 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    28 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    26 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss