The new IMF agreement: all good things come in threes
Ukraine has recently reached an agreement with the IMF on the continuation of the financial cooperation. Although the final decision by the IMF Executive Board is still outstanding, this would be the third programme since 2014. A smooth implementation of the USD 14.9 bn programme over the coming 14 months would be an important anchor for the macro-financial stability of Ukraine in the double election year 2019. Particularly in the context of further financial support by the EU and World Bank, the external public debt service would be made much easier.