“Anti-Kolomoysky” law approved, IMF’s turn to move

UKRAINE - In Brief 13 May 2020 by Dmytro Boyarchuk

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Parliament approved “Anti-Kolomoysky” law , which prevents return of nationalized Privatbank to its previouse owners. It was a long way to go for Ukrainian authorities. Many concerns about independence of president Zelenskiy. But finally we saw that Zelenskiy is trying to make decisions with his own brains. In this case it worked positively for the country. To the best of our knowledge it was the final pre-condition for the new IMF program. It’ll be Stand-By, according to Gerry Rice, Director of the Communications Department at the IMF.Ukraine’s representative to the IMF Vladyslav Rashkovan wrote on Facebook the new Stand-By program will be close to $5 billion for 18 months. $3.5 billion scheduled for 2020 and $1.5 billion planned for 2021. The first wire might be up to $2 billion, I assume.