World Bank to consider USD 750 mln financing for Ukraine on Dec. 18

The World Bank board of directors will consider
issuing a USD 750 mln financial guarantee for Ukraine at its Dec. 18 meeting,
Ukraine’s Finance Ministry reported on Nov. 27. The guarantee will be provided
for ten years and will enable Ukraine to receive international financing on
terms more advantageous than market conditions, minister Oksana Markarova
commented. The guanratee’s final parameters will be determined after the
board’s approval, the ministry clarified.

Ukraine is counting on funding of EUR 0.5 bln from the
EU, up to USD 0.8 bln from the World Bank and about USD 1.4-1.9 bln from the
IMF in the near term, as estimated by the National Bank.

Alexander Paraschiy:
Irrespective of the introduction of martial law in some of Ukraine’s regions,
international support seems to be arriving on schedule. We do expect that
Ukraine will receive USD 2.7-3.0 bln from IFIs and the EU by the end of 2018.
That will allow the government to keep gross international reserves firmly
above the threshold of three months of future imports as of the year’s end.