Ukraine on track for bond as banking law signed, IMF to offer $5bn

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By Mariam Meskin
22 May 2020

Ukrainian and IMF officials have come to a preliminary agreement to provide the country with $5bn of aid after president Volodymyr Zelensky signed much-anticipated banking legislation into law. Market watchers have now urged the country to come to the bond market before the situation has a chance to sour.

The agreement would provide Ukraine with an 18 month $5bn stand-by arrangement, the IMF said late on Thursday evening. The loan is still subject to approval by the IMF’s executive board but there are hopes that the the first disbursement will be made in early June.

"It is very credible that ...

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