The IMF agrees to provide Ukraine with another $1.1B, but there are conditions. After the IMF’s Executive Board approves this agreement, Ukraine will receive another $1.1B tranche. As of the end of June, Ukraine has fulfilled all quantitative criteria and structural beacons... #GavinGray #imf #IMFStructuralBeacons #ReformsinUkraine #Ukrenergo
An IMF team arrived in Kyiv to discuss reforms and financing for this year. The IMF team will participate in the inaugural meeting of the Steering Committee of the Fund for the Development of Potential of Ukraine, which the IMF administers. After these meetings, on February 1... #DenysShmyhal #EFFprogram #GavinGray #imf #IMFprogramm
The IMF supports a moratorium on Ukraine’s national debt payment until 2027. To that end, the restructuring will be carried out by the middle of 2024, said the head of the IMF mission in Ukraine, Gavin Gray. “An ambitious external commercial debt restructuring should be ... #DebtRestructuring #GavinGray #imf #UkraineBudget #ukrainedebt
The IMF has revised the forecast for Ukraine’s real GDP growth in 2023 to 4.5%. Ukraine’s macroeconomic indicators have been stronger than expected despite the ongoing war. This contributed to the upward revision of the IMF’s forecast for economic growth. The IMF revi... #GavinGray #GDPinUkraine #imf #UkraineEconomicForecast #UkraineEconomy
The IMF has assessed Ukraine’s implementation of the memorandum program: what else needs to be done? According to the head of the IMF mission, Gavin Gray, Ukraine first must adopt the new gas transportation system operator statute. Secondly, it is still waiting for resolution on the issue of business... #BudgetCodeUkraine #GavinGray #imf #IMFprogramforUkraine #ReformsinUkraine
The IMF advises Ukraine to optimize tax collection against a possible decrease in international financial support. As the head of the IMF mission, Gavin Gray, noted, this should be considered because the need to finance social expenditures will increase after the war’s end. “That’s why the author... #financialaidforUkraine #GavinGray #imf #ReformsinUkraine #TaxesUkraine
Ukraine has started consultations to restructure the $20B state debt. As Reuters writes, preliminary consultations with foreign bondholders regarding the restructuring of payments began ahead of schedule and have been going on for several weeks. Talks with bondholders w... #DebtRestructuring #GavinGray #imf #UkraineBond #ukrainedebt
The IMF predicts growth for Ukraine’s economy and names priority reforms. Deputy head of the IMF mission in Ukraine, Natan Epstein, said that this year the IMF expects the Ukrainian economy to grow from 1.3% to 3%. He also positively assessed the NBU’s decision to switch to... #EFFprogram #GavinGray #imf #NatanEpstein #ReformsinUkraine #UkraineEconomy
The US is confident that the funds from Ukraine’s allies will be enough until the end of the year. US Treasury Secretary Janet Yellen expressed this opinion in an address to the participants at the IMF and the World Bank spring meetings in Washington. According to IMF representative Gavin Gray, if ... #financialaidforUkraine #GavinGray #JanetYellen #SupportUkraine
The IMF has started discussing a potential program for Ukraine. On March 8, the IMF mission, led by Gavin Gray, began its work to discuss a potential program for Ukraine with Ukrainian government representatives. Ukraine Prime Minister Denys Shmyhal emphasized tha... #DenysShmyhal #GavinGray #IMFprogramforUkraine
The IMF and Ukrainian authorities have agreed on $20B in funding for budgetary needs. Ukraine reached a preliminary agreement with the International Monetary Fund that may open a path to a financial lifeline as the war-battered nation seeks as much as $20B to shore up its reserves and... #GavinGray #IMFaidforUkraine #IMFandUkraine
Ukraine’s GDP will grow by 1% next year. The International Monetary Fund has updated its macro forecast for Ukraine based on the fund’s virtual mission results. “Economic activity is expected to stabilize in 2023, with economic growth ... #GavinGray #IMFandUkraine #UkraineGDP #ukraineGDPforcast
