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Without the help of the International Monetary Fund, Ukraine is guaranteed a crisis, says investment banker Serhiy Fursa. Now the Ukrainian authorities are trying to do without funds from the Fund, like former Ukrainian President Viktor Yanukovych in 2012-2013.
Ukraine cannot avoid economic problems without the support of the International Monetary Fund and other international partners. This opinion was expressed by investment banker Sergei Fursa in an interview with Facts.
He believes that in the near future Kiev will not receive the next tranche from the IMF.
“The IMF is ready to lend to Ukraine, it only needs Ukraine to fulfill its obligations. Unfortunately, having received money from the Fund, we immediately” throw away “our partners. And now it is necessary not only to carry out the program that did not we have time to comply on time, but also to correct what was “broken.” First of all, it is about the return of confidence in the National Bank and the restoration of the anti-corruption infrastructure. speaking, to return everything to point A, which was before the destruction began, “Fursa noted.
Answering the question whether Ukraine will be able to do without IMF tranches, the expert said: “The IMF is a guarantee of our macro-financial stability. What does it mean to do without? Will we die without the IMF? Well, maybe we will not die. Will we have a crisis without the IMF will. We are now following the scenario that Yanukovych followed in 2012-2013, which is called a “loop.” But this scenario is still short-term. In the short term, it allows you to “roam”, scrape along long of the bottom of the barrel, somewhere the last to come out … In the short term, we will not die, and the crisis in the medium, long term is practically guaranteed without the help of the IMF. “
The IMF Executive Board approved a new stand-by cooperation program with Ukraine on June 9, 2020, it was about the allocation of $ 5 billion. On June 12, Ukraine received $ 2.1 billion from the first tranche.
Ukraine’s Finance Minister Sergei Marchenko said that Ukraine expects to receive two tranches of $ 700 million from the IMF by the end of the year. However, the deputy director of the National Bank of Ukraine, Dmitry Sologub, believes that this opportunity is already lost and it is necessary to try to get one.
