Ukraine: no release of IMF funds in 2009

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No Christmas IMF at the bottom of booties Ukrainian.

Contrary to Kyiv had hoped, the International Monetary Fund, will not release money for it before the end of 2009. Indeed, it announced Wednesday that the Ukrainian Minister of Finance acting, following a visit to IMF headquarters in Washington.

The Acting Minister Igor Umansky has indeed shown that by the end of the year, review the program of cooperation to provide additional funds to Ukraine is physically impossible.

He said the decision would be the result of disagreements within the Ukrainian authorities. All is not lost, negotiations with the IMF to continue into January.

Ukrainian Prime Minister Yulia Tymoshenko said for his part that the IMF would resume its funding after the 2010 budget of Ukraine adopted. Implied the IMF expects to see the rigorous efforts made by Kiev to respond in turn.

Recall that last November, the Ukrainian parliament rejected the draft 2010 budget proposed by the government. Which has so far refused to submit a new draft to Parliament. What the minister Igor Umansky call "politely" dissent ....

A delegation visited Washington last week to discuss the granting of a new tranche of credit that the IMF had given in Kiev in November 2008, the total amounting to 16.4 billion dollars.

Objective: to try to support that Ukraine faces a severe economic crisis ... and thus limit its impact on gas supplies to Europe, Kiev experiencing major difficulties in fulfilling its invoices to purchase Russian gas.

Worries include gas markets and transit of Russian gas via Ukraine, while Ukraine had a release of about 2 billion dollars for a new tranche of 3.8 billion dollars to settle its debts Russia. Ukraine: no release of IMF funds in 2009