The Minister of Finance does not see any reason to change the hryvnia exchange rate should the next tranche of the IMF loan be postponed.
In speaking with journalists at the 100 Days of Government: First Assessment and Future Expectations forum, the Minister of Finance of Ukraine, Oleksandr Danylyuk, stated that he expects the International Monetary Fund (IMF) to decide on the allocation of the third tranche in August, as reported by RBC-Ukraine.
"If the meeting is not held in July and it seems that the schedule just will not allow for time in July, it will occur immediately after the return of the Fund’s management from vacation," Danylyuk said.
The Minister also believes that the hryvnia exchange rate will not change should the Executive Board of the International Monetary Fund (IMF) not have time to consider the "Ukrainian question" until the end of July.
"I do not see any reason that the exchange rate should respond to this now. The situation with our reserves is quite stable, they grow, so I don't see any reasons to change the hryvnia exchange rate," Danylyuk said.