The Central bank expects IMF wire only in 2018

UKRAINE - In Brief 26 Oct 2017 by Dmytro Boyarchuk

The Central bank reported that it expects next wire from the IMF only in 1Q 2018. It was mentioned at the press-release on the prime rate revision today. This is something new. Previously the authorities reassured that next wire will arrive by the end of 2017. The view has changed after recent visit of Finance Minister Oleksander Danylyuk to Washington. Media reported that the Fund was extremely critical on proposals to revise formula for gas prices. And this means that the forth revision is apparently delayed. Now the Central bank officially recognizes problems in negotiations.

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