Ukraine hopes to get over $3B in foreign borrowing in 2020

Ukraine hopes to get over $3B in foreign borrowing in 2020

Ukrinform
Ukraine expects to receive loans from the IMF, the World Bank and new macro-financial assistance from the EU, totaling more than $3.3 billion, in 2020, the Ukrainian Finance Ministry's press service has reported, referring to Finance Minister Serhiy Marchenko's interview with the Kyiv Post.

According to the minister, by the end of the year the government expects to get a $700 million loan from the World Bank, a $1.4 billion loan from the IMF, and EUR 1.2 billion under a new macro-financial assistance program with the EU. Marchenko also said that the Ukrainian Finance Ministry's ambitious goal was to move to another format of cooperation with the IMF and minimize dependence on external creditors.

This year, Ukraine has already received $2.1 billion from the IMF, EUR 500 million from the EU under a previous macro-financial assistance program, and $50 million from the World Bank.

op


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-