Ukraine in 2021 will receive only one disbursement from the International Monetary Fund under the current cooperation program.
This is stated in a forecast by Fitch Ratings.
"Fitch also assumes for 2021 one IMF disbursement of US$0.7 billion, US$1.5 billion of other official financing, higher Eurobond issuance than the planned US$1.4 billion, and a 0.2% of GDP drawdown on fiscal reserves," the rating agency said.
The agency notes that the completion of the first review of the program carries significant risks.
"In particular, parliamentary approval for anti-corruption and judicial reform legislation will be challenging. IMF prior actions in these areas were partly a response to Constitution Court rulings in 4Q20 that restricted the powers of the national anti-corruption agency and withdrew criminal liability for false asset declarations. We see somewhat less implementation risk to the other significant new SBA requirement to reverse December's imposition of a temporary cap on gas prices," it said.
Reporting by UNIAN