The IMF leaves: no signs of close deal

UKRAINE - In Brief 23 Nov 2019 by Dmytro Boyarchuk
The IMF mission left Ukraine today. The Minister of Finance posted on her Facebook page the letter below. She commented that everything goes well and they’ve reached substantial progress in negotiations. Media wrote the IMF asks questions about Kolomoyskiy and keeps concerns on the NBU independence. Also some journalists wrote that the IMF is not happy with the approved version of land reform. Allegedly restrictions for foreign investors are not ok with the Fund. After aggressive media interventions of Igor Kolomoyskiy over the recent days we could hardly expect positive press-release from the Fund. The statement to G7 ambassadors that “…there is no reason to return the state-owned PrivatBank to its former shareholders” is not enough anymore. More solid proofs of president Zelenskiy independence are needed now. To make matters worse, arrest of Oleksiy Pysaruk, ex-first Deputy Head of the NBU, under allegations of illegitimate provision of refinancing to one of the bankrupt banks, raised questions why none sees that active moves on PrivatBank case. If the authorities are that active on dealing with abused funds of banks then Privatbank and his former owners also should be in this list. Kolomoyskiy media activity and arrests of bankers created very unfortunate background for the IMF visit. I even have an impression that Kolomoyskiy deliberately tries to derail the deal (so far successfully). Apparently, he is bargaining for something. Unless we see more decisive moves of Zelenskiy to distance from Kolomoskiy things might turn out quite sour.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.