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approved a $5bn, 18-month Standby Arrangement (SBA) to Ukraine on June 9. ​"The new programme aims to help Ukraine to cope with COVID-19 pandemic challenges by providing balance of payments and budget support, while safeguarding achievements to date and advancing a small set of key structural reforms, to ensure that Ukraine is well poised to return to growth when the crisis ends," the IMF said in a statement on June 9.
The funds were coming in instalments in $, €, ¥, £ and yuan (currencies in the SDR). The process is now over," NBU governor wrote on Twitter. Smolii said that funds from the IMF, entering the state budget, will help the state to overcome the coronavirus and ensure macro-financial stability. "Meanwhile, the 1st tranche together with the related financial assistance from the EU has already increased international reserves to $28.7bn," he said. The Executive Board of the International Monetary Fund (IMF) on June 10 approved an 18-month Stand-by Arrangement for Ukraine, with access equivalent to SDR 3.6bn (about $5bn or 179% of quota). The approval of the SBA enables the immediate disbursement of about $2.1bn. After the immediate disbursement of $2.1bn, the remainder will be phased over four reviews.
The World Bank is loaning $200mn to Ukraine to facilitate a private farm land market​ by: creating a universally accessible state Agrarian Register, conducting an inventory of state lands, creating an automatic notification system for changes in the state land cadaster, and conducting satellite mapping of Ukraine. The loan is to fund the ‘Accelerating Private Investment in Agriculture’ program.
Ukraine could return to the Eurobond markets in the fourth quarter of this year to raise circa $1bn​, according to the $5bn Stand by agreement (SBA) agreed on June 9 with the International Monetary Fund (IMF). “The macroframework assumes that Ukraine will return to markets in Q4 2020... The framework does not assume non-resident inflows in the domestic bond market for the remainder of 2020,” the IMF experts said, as cited by the Kyiv Post.
With Ukraine’s IMF deal in place, the money is tumbling in​. June 10, the EU wired €500mn, the second tranche under a macro financial assistance program.
Also in June the World Bank is to wire $250mn, ​Finance Minister Sergei Marchenko told reporters in June . President Zelenskiy summarized to reporters: “We expect more than $3bn in the coming month.”
6.1.4​ Budget dynamics - privatization
“Big” privatizations, over $10mn, will be only a handful this year, ​the Prime Minister predicts. However, he says 300 small and medium state companies will be sold this year. Dmytro Sennychenko, head of the State Property Fund, tells the European Business Association that 1,000 state-owned enterprises are to be sold in coming years, and another 1,178 will be liquidated.
Next month, Kyiv’s iconic Dnipro Hotel will be put up for auction,
Sennychenko says. The state-owned hotel on European Square has 186 rooms, restaurants and several conference halls. The starting auction price is
45​ UKRAINE Country Report​ July 2020 ​ ​www.intellinews.com