Page 34 - bne IntelliNews Country Report: Ukraine Dec17
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on November 8. "In November-December, Ukraine will have to repay $604mn to the IMF, including $84mn in interest, and $651mn in local Eurobonds."
The expert added that the central bank will have to spend more on FE interventions amid mounting depreciation pressure on the heel of swelling budget spending.
"Making things harder, a possible source of relief, the next IMF loan tranche, has been delayed till 2018," Paraschiy wrote. "Indeed, a rollover of local Eurobonds is the only available source to prevent gross reserves from sharply falling in the next few months. Against this backdrop, we project gross reserves will slide to $18bn by the end of 2017."
34 UKRAINE Country Report December 2017 www.intellinews.com
