Bloomberg: Ukraine vote won't change precarious financing position – UNIAN

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Ukraine has gross external financing needs of $46 billion.

REUTERS

REUTERS

Ukraine votes on Sunday in the second round of its presidential election, with neither candidate likely to rock the boat with the IMF, the World Bank, European Union and other institutions, Bloomberg said.

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The country needs to maintain access to financial markets to meet its obligations – and that’s far from guaranteed, according to Bloomberg Economics.

Factoring in required payments to foreigners in the next year, as well as other expected outflows, Ukraine has gross external financing needs of $46 billion, about 34 percent of GDP, according to the IMF.

Bloomberg infographics / Image from bloomberg.com

Bloomberg infographics / Image from bloomberg.com

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