Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Ukraine sees World Bank-backed loan this year: finance minister

Published 04/15/2019, 10:09 AM
Updated 04/15/2019, 10:10 AM
© Reuters. Newly-appointed Ukrainian Finance Minister Oksana Markarova attends a parliament session in Kiev

By Andrei Makhovsky

KIEV (Reuters) - Ukraine hopes to raise new sovereign debt backed by a guarantee from the World Bank again this year though the size of the issue has not been decided yet, Finance Minister Oksana Markarova told Reuters on Monday.

The World Bank, International Monetary Fund and other bodies support Ukraine's war-scarred economy with loan agreements conditional on Kiev passing reforms and tackling corruption.

The country borrowed 529 million euros under World Bank guarantee in March after securing a new standby loan agreement from the IMF late last year. It expects to receive two IMF loan tranches worth a combined $2.5 billion in May and November.

Investors are also watching whether Ukraine will continue to pass reforms while holding a presidential election this April and a parliamentary election in October.

"We are working with the World Bank on the next guarantee. We would like to (get the loan) this year. We are working on the maximum possible amount, but it is too early to say specific figures," Markarova said.

"About the IMF program: everything goes well on the implementation of the program," she told Reuters on the sidelines of a business conference.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.