Tihipko: IMF may lend Ukraine less than asked.

By bne IntelliNews May 18, 2010
Deputy PM Serhiy Tihipko supposed that the amount of the International Monetary Fund's (IMF) loan may be less than requested by the Ukrainian side (USD 19bn). He said this during the annual meeting of the European Bank for Reconstruction and Development in Zagreb. Tihipko attributed this to the realistic nature of the state budget adopted at the end of April 2010, and the fact that the receipt of taxes in the budget increased by more than 30% in April compared to the same month last year. "This is a good indicator, because the budget provides for a growth (revenue) of 22%, and we must show that we are able to do so," he said. First Deputy Head of the Presidential Administration of Ukraine Iryna Akimova during the annual meeting of the EBRD announced that Kyiv hopes to successfully complete soon the difficult negotiations with the International Monetary Fund over a loan worth about USD 19bn. "We need money not only for the IMF to prop up the economy, we need it as a signal to the international community that the situation in Ukraine is improving," Akimova noted. Ukraine is awaiting this week the arrival of the IMF mission, which will review the Government's ability to fulfill the parameters of the state budget. Earlier, government officials repeatedly said that they hoped to get the first money from the IMF before the end of the first half-year.

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. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    5 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 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
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss