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Concorde Capital Research: World Bank to consider USD 750 mln financing for Ukraine on Dec. 18

November 28, 2018 | Cbonds

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.

Company: Concorde Capital

Full company nameConcorde Capital
Country of riskUkraine
IndustryFinancial institutions

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