20 Января 2020

Quotes for Ukraine’s sovereign Eurobonds moved higher last week following the IMF’s statement supporting the policies implemented by the government and the National Bank with the aim of bolstering the country’s economy. The low budget deficit, the reduction of the country’s Debt-to-GDP ratio, low inflation, and the accumulation of foreign currency reserves are all results of good policy and are important prerequisites for economic stability and growth, the IMF said. The Ukrainian government has a new preliminary 3-year loan program worth USD 5.5bn with the IMF, but Kyiv still needs to meet some requirements to receive the initial tranche payout, including the adoption of a number of laws by Parliament.