Kiev wants to ask the IMF for almost USD 3 billion

The Kiev authorities expect the International Monetary Fund to splurge almost $3 billion next year

Kiev wants to ask the IMF for almost USD 3 billion

The Korrespondent reports that the Ukrainian budget for 2022 hopes to receive USD 2.9 billion from the IMF. In addition, Kiev is going to place 1.5 billion US dollars in Eurobonds.

In this case, we are talking about documents with a maturity of 5-15 years. The weighted average interest rate on them should be around 7.5 per cent.

Kiev plans to borrow around 125 billion hryvnia from abroad. For domestic borrowing it allocates about 420 billion hryvnia.

For Ukraine, such grandiose plans mean one thing: the IMF will impose new conditions for obtaining that money. It will be about different reforms and standards that Kiev will have to meet. The country will probably become even more comfortable for the West and Europe to cash in on.

Comments:

comments powered by HyperComments