Skeptics Rife as Ukraine Moves $17.5 Billion Aid Goalposts
- Resumption of IMF bailout loan has been repeatedly delayed
- Survey predicts state-asset sales will also miss target
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A week after his appointment, Ukraine’s new finance minister targeted May for a resumption of inflows from the nation’s $17.5 billion bailout. The date has been pushed back repeatedly. Now it’s August, and economists say that could yet prove optimistic.
Ukraine will receive $1.5 billion of a possible $4 billion from the International Monetary Fund this year, and $2.5 billion next, according to the median estimates in a Bloomberg survey of nine analysts. The outlook for privatization -- a source of budget revenue -- is uncertain, with $500 million of the government’s $700 million plan to be fulfilled, according to the poll.