The European Bank of Reconstruction and Development is concerned about the placement of eurobonds of Ukraine, Managing Director for Eastern Europe and the CaucasusFrancis Malige said during the Ukrainian Financial Forum 2017 in Odessa, FinClub reports.
“I am concerned about a very successful placement of eurobonds”, EBRD’s representative stated.
“The situation became more comfortable for authorities; the pressure will be weakened on reforms, the pre-election campaign, the heating season will begin. And the reforms will be postponed until next elections. Our task is not to let such scenario happen”, Malige said.
He noted that within the last three years, Ukraine made a huge step forward in respect of reforms.
“For three years, many tasks, considered impossible, were completed. For example, when I arrived to Ukraine three years ago as EBRD’s representative, we did not think that it is possible to solve the issue of nationalization of PrivatBank. But it happened. And it is not the only direction, where we see progress”, Malige said.
However, there are already wake-up calls. Malige reminded that independent members of the supervisory board of Naftogaz already resigned. “It is a step backward. I hope that we will manage to change the course”, he said.
As is known, for the first time since 2013, Ukraine managed to enter external borrowing markets, issuing 15-year eurobonds at 7.375%. Ukraine attracted 3 billion dollars.
