Expert: Conclusions of the IMF on the third tranche of the signal is relatively effective anti-crisis policy of Ukraine
Jul 14th, 2009 | By admin | Category: Main News Conclusions of the International Monetary Fund (IMF) on the feasibility of the third tranche for Ukraine signals relatively effective anti-crisis policy of the state and are especially valuable to the stock market.
The opinion was expressed by the analyst of investment group Socrates Michael Salnikov.
He stressed that in contrast to analysts and investors, using mostly public information, which publishes public sources, officials of the IMF and have access to classified information.
According to the analyst, although economic feasibility of obtaining the third tranche isa series of questions is more important is the psychological component. It's no secret that a large number of Western investors in early 2009 with dismay by the news that the IMF decided to postpone the provision of a second tranche of the Ukraine, said M. Salnikov. He believes that the allocation of funds in May 2009, several reassure investors. The allocation is the third tranche of the loan in August, should serve for an additional positive signal, an analyst predicts.
however, believed M. Salnikov, the provision of the third tranche of IMF credit are likely to affect the poor the Ukrainian stock market, as well as the positive signal received from the Fund is unlikely to peresilit fears of political uncertainty before the presidential elections . However, the tranche virtually eliminates all questions about the default on Eurobonds Ukraine, 2009, Ukraine-2018 (with an offer in September 2009), Naftogaz and Ukreximbank-2009-2009, says analyst. Therefore, he predicts growth of quotations in the first place, for these and, as a consequence, the longer the sovereign eurobonds.
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