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Monday, October 24, 2016

Expert: Ukraine will receive the IMF tranche, despite the position of Russia

Russian Finance Minister Anton Siluanov today praised the position of the IMF that Kiev is entitled to the next tranche of the International monetary Fund, as Ukraine met all the necessary conditions for this. Because debt more than three billion dollars Ukraine Russia refuses to pay. The expert explained us how to really lock tranche of the IMF.

photo: Sergei Ivanov

According to Siluanov, the representative of the Russian Federation will be given the order of 14 September, when the IMF will decide on the tranche, the Russian side voted against it.

Director of the Institute of contemporary Economics Nikita Isaev commented on the us situation: “the Position Siluanov clear. But some of the statements does not go far. For a positive decision requires the consent of 85% of the votes and number of votes from each country corresponds to the share in the total capital of the IMF.

Even after recent reforms and raising the actual increase in the quotas, Russia’s share does not exceed 2.73 percent. Unfortunately, this is very far from the proportion of 15%, receiving a veto. In fact, this right is granted only to the United States with a share of 16.7%.

So only one position Siluanov and Russia’s voice is clearly insufficient to block the decision. This requires joining us, at least France, China, Italy, Saudi Arabia and Canada. We, of course, periodically demonstrating the wonders of diplomacy, but as we all know, this is not the case.”

Meanwhile, the estimated size of the IMF tranche, which hopes to Ukraine a billion dollars.


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