The new program with the IMF should support macro-financial stability. The new program with the International Monetary Fund (IMF) should become an essential element in supporting macroeconomic stability, said the chairman of the National Bank of Ukraine, Kyrylo Shevchenk... #imf #IMFinUkraine #IMFloans #IMFprogramm
The money from the IMF will be spent on budget needs. The National Bank of Ukraine thanked the countries through whose initiatives the International Monetary Fund has created a special account to support Ukraine. The funds will go to the needs of the bud... #imf #imfukraine #nbu #UkraineFund
Ukraine ends its cooperation with IMF under the Standby program. The Ukrainian authorities have ceased collaboration with the International Monetary Fund within the framework of the Standby program, the second revision of which began a day before the war, reported ... #imf #IMFinUkraine #UkrainestoppedIMFprogram
Ukraine may soon receive more than $4.4B from the IMF and the World Bank. The World Bank is preparing a $3B aid package for Ukraine in the coming months, and next week the IMF will decide on emergency financing of up to $1.4B. This information comes from a joint statement ... #imf #IMFsupportsUkraine #UkraineRussianWar #WarinUkraine #worldbank
The third tranche from the IMF will come to Ukraine soon. According to finance minister Serhiy Marchenko, the IMF could allocate a $700M tranche to Ukraine based on the revision of the stand-by program that expires in June, 2022. Currently, Ukraine has ful... #imf #IMFinUkraine #IMFmoneyforUkraine
The IMF is ready to support the countries that will suffer from Russia’s SWIFT disconnection. The International Monetary Fund is prepared to help countries that may suffer from any side effects of the Russian-Ukrainian conflict and other sanctions imposed by Western governments on Russia. Thi... #imf #IMFsanctionsforRussia #SWIFT #SWIFTsanctions
Ukraine has pledged to agree to 12 conditions to receive the next IMF tranche. These structural beacons include: to approve the budget for 2022 with a deficit target of 3.5% of GDP; to abolish concessions in the criteria for state representatives in the management of state-owned... #imf #IMFinUkraine #IMFmission #IMFnewTranch
IMF to consider second stand-by tranche for Ukraine on November 22. The IMF Board of Directors plans to approve the results of the first revision of the stand-by program on November 22. In June 2020, the IMF approved a stand-by program for Kyiv with a total volume of ... #imf #IMFmoneyforUkraine #IMFnextTranch #imfukraine
The International Monetary Fund (IMF) and Ukraine agreed on a tranche of funding of $ 700 million, reported imf.org. The IMF and the Government of Ukraine have signed a preliminary agreement to extend the lending program and provide Ukraine with a tranche of about $700 million. The IMF team and Ukr... #imf #IMFandUkraine #IMFinUkraine
Ukraine may receive $ 1.4 billion from the IMF in October-December 2021, predicted JP Morgan. “We believe that the IMF will pay a tranche of $1.4 billion in the fourth quarter of 2021 but is considering a possible range of this amount from $1 bill... #imf #IMFaidforUkraine #IMFnadUkraine #сьогоднівукраїні imf
The IMF mission in Ukraine commented on the first revision of the stand-by arrangements to commence on September 21 to September 23, 2021, The IMF Representative in Ukraine, Vladyslav Rashkovan said. “The mission could start working in 10-12 days, and most likely the mission will be virtual,” he said speaking at the YES Brain... #imf #IMFinUkraine #сьогоднівукраїні imf
The IMF’s generosity is under fire. Its decision to give neighboring Belarus, whose President Alexander Lukashenko is accused of usurping power and accused of dictatorship, about $1 billion, is being strongly criticized by the Belarusia... #imf #imfandBelarus #IMFgivesmoneytoBelarus
“By stalling economic reforms and refusing to fight corruption, the government has replaced cheap IMF loans at rates of about 1% with commercial loans at rates of 6.875% or higher, ” continues Verlanov, who was fired by Zelenskiy in April 2020. “The developments illustrate the government’s shortsighted debt management approach that has become the hallmark of Ukraine’s incoherent... #imf #IMFandUkraine
In Washington, the IMF Board of Governors approved Monday night a general allocation of Special Drawing Rights equivalent to $650 billion to boost global liquidity . According to country quotas, Ukraine gets 4%, or $2.7 billion. “This is a historic decision – the largest SDR allocation in the history of the IMF and a shot in the arm for the global economy at a t... #imf #IMFaidforUkraine #IMFandUkraine
Failure to reach an agreement with the IMF and the resignation of one third of top officials at the bank over the last year are the leading complaints against Kyrylo Shevchenko, Governor of the National Bank of Ukraine, reports Economichna Pra... #imf #IMFagreementwithUkraine #IMFaidforUkraine
With the summer slipping away, the realistic scenario for Ukraine’s relationship with the IMF might be to convert Ukraine’s frozen Stand-By Arrangement into an Extended Fund Facility , wrote Timothy Ash, a veteran observer of Ukraine’s IMF deals. The IMF may “look to roll the monies into a new EFF to be negotiated towards year end – maybe that should now be the focus,” Ash w... #imf #IMFaidforUkraine #IMFdeal
The IMF has welcomed the Rada’s recent approvals of judicial reform bills, but “more progress is needed in other sectors,” said Gerry Rice, the IMF spokesman at the regular briefing in Washington. “Discussions with the authorities will continue.” #imf #ReformsinUkraine
Vahram Stepanyan, a veteran of reform programs in Hungary and Romania, is the new IMF resident representative in Ukraine. A native of Armenia, Stepanyan most recently served with the IMF in the United Arab Emirates. Goesta Ljungman, the IMF representative here for the last four years, is returning to Washington in a rout... #imf #IMFandUkraine #сьогоднівукраїні imf
If both laws were deemed ‘IMF compliant,’ they would contribute to restarting in July the long dormant process of an IMF review and to the resumption of lending in September . Ukraine’s $5 billion IMF program stalled after a first tranche was disbursed one year ago. Compliance with an IMF program reassures foreign investors. Compliance would also change the dynamic of Pre... #imf #IMFaidforUkraine
President Zelenskiy stressed the importance of getting the IMF deal back on track when he was interviewed two weeks ago by AP, AFP and Reuters. “This is important primarily for our economic stability and investment climate,” he said in a transcript posted on the presidential websit... #imf #IMFdeal #Zelenskyy
The IMF’s decision to distribute $650 billion in Special Drawing Rights this summer is undermining arguments for free market changes in countries like Ukraine, Timothy Ash argues in an essay. He writes from London: “The hope was the looming debt service hump for Ukraine in Q3, when $3bn in external debt falls due, would concentrate minds in the Zelenskiy adm... #imf #IMFinUkraine #IMFmoneyforUkraine
Adamant Capital yesterday wrote: “The placement occurred with a small (10-20bps) yield premium to the market, suggesting that it was well received, despite the apparent delays in the state’s program with the IMF. The timing suggests ... #imf #IMFmission #IMFmoney
Ukraine is on track to revive the IMF accord and to receive a $2 billion tranche by September, said Oleh Ustenko, a Presidential Economic Adviser, (Ukraina 24 TV). He said: “The bills we need to pass in order to get the tranche — the judiciary, its reform and the anti-corruption architect... #imf #IMFdeal #IMFmission #IMFtranch #imfukraine
Talks with the IMF are progressing and September is a realistic date for the tranche, said Serhiy Marchenko, Finance Minister (LB.ua). “We are now narrowing the range of unresolved issues.” “In January, when there was a mission, there were many issues. Now there are fewer, they should ... #imf #IMFinUkraine #MoneyFromIMF
Ukraine may receive $2.7 billion from the IMF this summer under a plan by the International Monetary Fund Managing Director, Kristalina Georgieva, to allocate $650 billion from international reserves to restore the world economy after the coronavirus crisis.... #imf #IMFmoneyforUkraine #IMFtranches
Alfa-Bank Ukraine wrote: “An easy $2.7 billion from the IMF might arrive in 2021…This allocation might be very helpful as Ukraine faces its next FX debt payment peak in September ($3.1 billion). However, such ‘windfall cash’ ... #imf #IMFandUkraine
Separately, Shevchenko told Interfax-Ukraine last week that Ukraine should receive two tranches from last June’s $5 billion IMF Stand-by Agreement “given the longer course of negotiations.” Ukraine has been in on-again, off-again talks with the IMF since last fall. He said that he hoped that the Rada will pass legislation in coming weeks so that... #imf #IMFandUkraine #IMFmoney
The IMF has raised its Ukraine GDP growth to 4% this year, up from its forecast of 3% made six months ago. World GDP is to increase by 6% this year, “reflecting additional fiscal support in a few large economies and the anticipated vaccine-powered recovery in... #GrowthForcast #imf #UkraineGDP