Ukraine should start talks about the launch of a new cooperation program with the International monetary Fund (IMF) to end the current at the beginning of 2019. This opinion expressed by the experts of the National Bank of Ukraine (NBU), financial stability report, published on the official website.

“The long delay in receiving the next tranche from the IMF – the main risk to financial stability,” they said.

Without the support of international institutions, the successful refinancing of $20 billion in sovereign and government-guaranteed debt with maturities in 2018-2020 unlikely, according to the NBU.

Earlier it was reported that the fourth review under the IMF program in Ukraine to focus on implementation of five main activities.

Read also: IMF identified five steps to the next tranche for Ukraine

The next installment from the IMF might arrive in Ukraine in the second quarter of 2018.

In March 2015, Ukraine and the IMF signed a Memorandum of economic and financial policies which the country should undertake in the framework of the EFF. The entire program provided Ukraine about $17 billion, of which already allocated $7.7 billion.

Ukraine needs to start negotiations on a new programme with the IMF – NBU 18.12.2017

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