Ukraine PM upbeat on IMF loan in DecemberStaff Writer | November 16, 2018
Ukrainian Prime Minister Volodymyr Groysman expects to get new loans from the International Monetary Fund as early as December once parliament passes a budget of stability that refrains from making pre-election populist moves, he said on Thursday.
Europe Prime Minister Volodymyr Groysman
Groysman negotiated a new deal with the IMF last month aimed at keeping finances on an even keel during a choppy election period next year. The new loans are contingent on him steering an IMF-compliant budget through parliament.
"This budget is a budget of stability and continuation of reforms," Groysman said in an interview with Reuters. "This is fully consistent with our IMF programme."
"Yes. We are counting on a tranche in December," he added, when asked about when IMF loans were expected, though he did not elaborate on the possible size of the loan.
Ukraine's government approved a draft budget in September but it will typically undergo a slew of amendments before parliament finally approves it. ■