Arab Today, arab today imf ukraines debt faces high risks
Last Updated : GMT 19:18:33
Arab Today, arab today
Arab Today, arab today

IMF: Ukraine's debt faces high risks

Arab Today, arab today

Arab Today, arab today IMF: Ukraine's debt faces high risks

Ukrainian security forces patrol in the village
Washington - AFP

The IMF, which recently released a loan installment for Ukraine, said Tuesday it views the country's debt as sustainable but facing "exceptionally high" risks linked notably to the pro-Russian conflict.

The International Monetary Fund, in a report on Ukraine's $17.5 billion loan program awarded in March, highlighted the government's progress in implementing required reforms, putting the economy on a tentative track to stabilization.

The global crisis lender, which extended a $1.7 billion loan installment to Ukraine on Friday, said that the Ukrainian public debt was "sustainable with high probability," a prerequisite for the IMF to lend to a member country.

But the Fund warned that "risks to the outlook remain exceptionally high," citing notably the "uncertainty about the duration and depth" of the pro-Russian conflict in the eastern part of Ukraine, the country's industrial heartland.

"A large shock associated with a sharp escalation of the conflict in the east could render debt dynamics unsustainable, but most observers consider this scenario unlikely," the IMF said.

In its report, the IMF signaled concern about the country's debt burden, which it expects will approach 100 percent of gross domestic product this year amid the country's deep recession, now forecast at a nine percent contraction.

In announcing its four-year financial rescue in March, the IMF said that Ukraine needed to find $15.3 billion in debt relief with private creditors over that time frame. The debt negotiations have begun but have yet to produce a result.

The Ukrainian debt outlook could suffer from "prolongation of the discussions on the debt operation" and "larger-than-expected financing needs of the banking sector," the report said.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf ukraines debt faces high risks Arab Today, arab today imf ukraines debt faces high risks

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday