NBU: EU's tranche to Ukraine is at stake
Head of the National Bank of Ukraine Valeria Gontareva said Ukraine is facing a threat of losing support of international financial institutions and not receiving another tranche from the International Monetary Fund (IMF) this year, UNIAN.
NBU Governor Valeria Gontareva said at a meeting of the National Bank Council:"Ukraine risks being left without the support of international financial institutions. Unfortunately, we see a very high risk that we will not receive the tranche from the IMF this year," she said.
Gontareva noted that the NBU has already changed three times its forecast growth in international reserves in 2016.
"This year, we have changed our forecast on reserves three times already. As of today, our forecast is $17.5 billion, but it includes EUR 600 million from the EU and $1.3 billion from the IMF," she said, adding that there is a possibility of another revision of reserves forecast toward their reduction.