Stability, which lately has become a safe investment amid the current geopolitical situation, is highly appreciated. Following the latest trends, the International Monetary Fund will consider a $17 billion loan for Ukraine. The special commission estimated the present situation in the country as well as economic prospects and made up its mind to allocate financial aid for stabilization. International observers expect the Ukrainian GDP to fall by 5%, but it is hard to give more precise estimations so far.
Summarizing the results of the check, last week the team of IMF’s financial analysts prepared a package of recommendations for the Board of Governors containing a detailed loan program for Ukraine. The final decision is likely to be announced at the monthly meeting in late April. According to people familiar with the situation, an emergency loan is already on the agenda.
It should be noted that before taking such an option, the IMF carried out preliminary and careful multi-week work. Besides, its representatives had several consultations with Ukraine’s government. As a result, the international organization came to a conclusion that cash injections of $14-16 billion might rescue this post-Soviet country from a financial crash. After getting such a support, the Ukrainian authorities reckon on recouping for the loss incurred by the disturbances around the country. But the final decision has not been revealed yet. IMF Managing Director Christine Lagarde previously confirmed the information that the bailout program should go for the executive board’s approval in late April or early May.
