NBU plans to continue cooperation with the IMF in the years 2020-21 and attracting $4 billion.
The national Bank of Ukraine (NBU) expects the continuation of cooperation with the International monetary Fund (IMF) after the current program, reported in January “the Inflation report” on the website of the Central Bank, informs Rus.Media.
In the document, in particular, lists the key assumptions on the macroeconomic forecast of the NBU in 2019-2021., which stated: “entering the public sector from donors in the years 2019-2021 (IMF – $6.5 billion, the EU and the world Bank – $1.6 billion), along with the placement of bonds of external state loan for $8.5 billion, will allow you to refinance a large part of payments on external obligations.”
Earlier it was reported that the IMF Board of Directors following the meeting of 19 December 2018 approved a new program of cooperation with Ukraine in the framework of stand-by. Volume 14-month program is equivalent to SDR2,8 billion, or about $3.9 billion At the same SDR1 billion (about $1.4 billion) provided immediately, while the remaining funds will be provided equal tranches on the results of the revision of the program in may and September 2019. This implies that the national Bank hopes to attract to the Fund in 2020 21рр. about $4 billion.
In addition, at the end of January 2019, the NBU reported that it has placed in its macroeconomic forecasts of the host country in 2019 Eurobonds for $2 billion Thus, the Bank expects an increase in issuance of sovereign Eurobonds in subsequent years to over $3 billion.
As reported, Ukraine in October 2018 has placed two tranches of Eurobonds: a 5-year $750 million, 10-year for $1.25 billion.
The yield on 5-year tranche was 9% per annum, 10-year – 9,75%. The organizers of the issue were BNP Paribas, Citigroup, Goldman Sachs and jp Morgan.