Ash believes Ukraine’s next IMF tranche has “still some way” to go before approval

2017/9/15 14:34:40

David Lipton, First Deputy Managing Director of the International Monetary Fund, at a meeting with the Ukraine Prime Minister Volodymyr Groysman in Kyiv on Sept. 13.

 


KYIV, Sep 15, 2017 (UBO) -  Responding to an interview given by David Lipton, the IMF first deputy managing director in connection with the 14th Annual Yes Conference in Kyiv, Bluebay Asset Management analyst Timothy Ash offered the following comments at 11:59 today:

 

Good summary of the state of IMF relations - energy price liberalisation, pensions, budget, privatisation, anti-corruption still key to getting next review completed and programme back on track.

 

From the tone of Lipton's comments, we are still some way to getting the 4th review signed off on. It will be an achievement if this gets done before year end.

 

Poroshenko seemed to be backtracking on the idea of the anti-corruption courts today at the YES conference, and he kind of hinted of their functioning only in 2019-2020, so I guess after the next elections. This seems too late.

 

[For more, see: http://www.pravda.com.ua/eng/articles/2017/09/15/7155220/]

 

** Please note that any views expressed herein are those of the author as of the date of publication and are subject to change at any time due to market or economic conditions. The views expressed do not reflect the opinions of all portfolio managers at BlueBay, or the views of the firm as a whole. In addition, these conclusions are speculative in nature, may not come to pass and are not intended to predict the future of any specific investment. No representation or warranty can be given with respect to the accuracy or completeness of the information. Charts and graphs provided herein are for illustrative purposes only.”

 

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