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Ukraine’s Finance Minister Sergei Marchenko said Ukraine did not receive two parts of the loan it expected from the International Monetary Fund under the reserve program.
Due to the fact that Ukraine did not receive the planned tranches of MInternational Monetary Fund within the framework of the stand-by program, until the end of the year the budget lacks $ 3 billion On November 26, Ukraine’s Finance Minister Serhiy Marchenko told BBC News Ukraine.
According to him, the government has “plans A, B and C” of how to end the year to fully finance all the expenses foreseen in the budget.
The minister described the situation as difficult, but manageable.
“I do not wear pink glasses and I do not hang up, as they say, noodles, I do not want to deceive you. Not everything is so simple with us. There are delays, difficulties. And we are thinking about how to close this month, how to finance the next. The situation is absolutely difficult”. – he said
Marchenko also clarified that he calls the amount in dollars, since it is about “external loans that have not yet reached the accounts.”
When Ukraine received more than $ 2 billion from the first tranche of the IMF’s stand-by program in June this year, it was expected that by the end of this year Ukraine would be able to receive two more parts of the loan, the department head said.
The Finance Minister also confirmed the progress in the current negotiations with the IMF, in particular on the main parameters of the budget for next year. At the same time, according to him, there are several questions necessary for the IMF to resume lending to Ukraine: they relate to the functioning of the anti-corruption office and the National Bank.
Marchenko did not rule out the possibility of receiving the next tranche from the IMF before the end of the year, but pointed out that “a more likely scenario, I would say, it is very likely that we can reach an agreement this year, we will have a mission and these funds will be available next year “.
Ukraine cooperates with the IMF in a new reserve program. The Board of Executive Directors of the Fund approved it on June 9 of this year. It is supposed to allocate $ 5 billion to Ukraine in four tranches. On June 12, Ukraine received $ 2.1 billion from the first tranche.
Marchenko said in September 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 has already been lost and it is necessary to try to get one.
PUkraine resident Volodymyr Zelensky said that in the current situation, Ukraine’s economy needs money from the IMF.
“It is profitable for us, it is not profitable, now it is like blood for the human body,” he explained.
The Director of the National Bank of Ukraine, Kirill Shevchenko, stated that The IMF “expresses some concern regarding anti-corruption policy “.
