Igor Mazepa: International investors viewed the declaration of dismissal of the Ukraine’s Parliament with positive restraint and will react negatively to its nonfulfillment22.05.2019
Igor Mazepa, CEO of Concorde Capital, comments reaction of international investors to the statement of the President of Ukraine Volodymyr Zelenskiy to dismiss the Ukraine’s Parliament
Volodymyr Zelenskiy’s statement to dismiss the Ukraine’s Parliament is positive for international creditors since it enables starting earlier talks about a new program of support for Ukraine. All political uncertainties would be resolved about three months earlier. We can expect a negative reaction form the investors if he can’t deliver on it in the nearest days – comments Igor Mazepa .
The schedule for receiving the next IMF tranche for Ukraine under the Stand-By Agreement could be postponed since the IMF will hardly wish to sign a memorandum with lame duck officials.
On the other hand, the current program for IMF cooperation is precisely designed for the period between elections, so receiving the second tranche can’t be ruled out. In any case, it will be worth waiting to see the IMF’s comments on this matter.