The prospect for the further financial cooperation between Ukraine and the International Monetary Fund (IMF) mainly depends on the quickness of forming the new government after the parliamentary election and the adoption of the national budget for 2015 by the new parliament, Ukrainian Finance Minister Oleksandr Shlapak told reporters on Oct. 28 at the international investment conference organized by SP Advisors.
The minister said that today the authorities plan to fulfill all the issues required for the consideration of the Ukrainian problem by the IMF by Dec. 15, 2014.
He said that if even the IMF makes the positive decision, it is likely that the provision of next disbursement will be postponed for next year.
The minister pointed at the difficulty of tasks that will be set before the new parliament.
He said that the IMF mission could arrive to Kyiv no earlier than the new government is formed.
Shlapak also said that after the negotiations the updated program of the IMF could foresee the larger financing of Ukraine.
He said that the government does not plan to restructure debts.
Shlapak said that by the end of this year it is planned that 760 million euros of macro-financial aid from the European Union will be provided and maybe another 4500 million euros from the World Bank will be sent to the country to support the budget.
“The World Bank is ready… but it requires support of the IMF,” he said.
The finance minister said that international donors have postponed the donor conference for Ukraine for the third time – for January 2015.
“Mainly this is linked to the uncertainty with the situation in eastern Ukraine,” he said.
