Ukraine will seek expansion of IMF financing at Davos Economic Forum – expert

14:10, 20 January 2016
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Chairman of the Economists Committee of Ukraine Andriy Novak says the Ukrainian delegation headed by President Petro Poroshenko will seek to negotiate the expansion of the IMF Extended Fund Facility program for Ukraine or the acceleration of the next tranche disbursement during the planned meetings with representatives of the International Monetary Fund in Davos, RFE/RL reported.

Photo from UNIAN

"It is obvious that, without the IMF funds, Ukraine can neither stabilize the hryvnia exchange rate, nor ensure the fulfillment of budget items, even the so-called guaranteed budget items. Ukraine will ask to accelerate the disbursement of the next tranche, or even expand the IMF bailout package," Novak said.

At the same time, he expects no specific agreements to be reached during the meetings in Davos.

Read alsoIMF to assess Ukraine consistency with revised lending policiesAs known, the mountainous town of Davos in Switzerland hosts the 46th annual World Economic Forum (WEF) between January 20-23, 2016. More than 2,500 participants from over 100 countries are expected to take part in various sessions of the Forum. The Ukrainian president will also participate in the WEF, where he expects to meet leadership of the IMF and the International Committee of the Red Cross.

Experts say the Ukrainian issue will unlikely top the meeting's agenda in view of the recent developments around the world.  

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