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Ukraine PM upbeat on IMF loan in December

Staff 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.
Volodymyr Groysman
Europe   Prime Minister Volodymyr Groysman
Securing IMF assistance will also unlock loans from the World Bank and the European Union, while Groysman also said Ukraine was in negotiation with Washington for a new loan guarantee for sovereign debt.

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.