The IMF, which recently released a loan instalment for Ukraine, said Tuesday it views the country's debt as sustainable but facing "exceptionally high" risks linked notably to the pro-Russian conflict. The International Monetary Fund, in a report on Ukraine's $17.5 billion loan program awarded in March, highlighted the government's progress in implementing required reforms, putting the economy on a tentative track to stabilisation.
The global crisis lender, which extended a $1.7 billion loan instalment to Ukraine on Friday, said that the Ukrainian public debt was "sustainable with high probability," a prerequisite for the IMF to lend to a member country. But the Fund warned that "risks to the outlook remain exceptionally high," citing notably the "uncertainty about the duration and depth" of the pro-Russian conflict in the eastern part of Ukraine, the country's industrial heartland.
Comments
Comments are closed.