Ukraine expects to receive $5B from the IMF to fund a portion of the budget deficit. Ukraine is confident that the International Monetary Fund will help cover part of the state budget deficit this year. Around $5B is expected to be received, said Oleksiy Ustenko, a member of the Parli... #financialaidforUkraine #imf #UkraineBudgetDeficit
The IMF is considering options to provide Ukraine with a $16B aid package. According to people familiar with the matter, as reported by Bloomberg, the International Monetary Fund is exploring a loan for Ukraine worth as much as $16B to help cover the country’s needs and pro... #financialaidforUkraine #imf
The night is darkest before the dawn: the IMF predicts economic recovery soon. Despite the global economy’s disappointing forecasts for 2023, it will still rebound from its lowest level and begin to grow moderately, said Kristalina Georgieva, managing director of the IMF. Speaki... #imf #KristalinaGeorgieva #worldeconomy
The IMF approves Ukraine’s monitoring program. Based on macroeconomic parameters agreed upon with the IMF, the four-month monitoring program will outline the direction for the fiscal and monetary policies of the Government of Ukraine and the Natio... #FinancialStabilityUkraine #imf #IMFprogramforUkraine
The NBU has expressed its expectations for the new IMF credit program. The National Bank expects a full-fledged program of expanded IMF financing in 2023. This may happen following the first results from the monitoring program, the approval of which is expected at the en... #imf #IMFcreditProgram #SerhiiNikolaychuk
In 2023, Ukraine’s Minister of Finance will head the World Bank’s Board of Governors and the IMF for the first time in history. The leading member countries of the World Bank Group and the International Monetary Fund have elected the Minister of Finance of Ukraine, Serhiy Marchenko, as the Chairman of the Board of Governors of... #imf #SerhiyMarchenko #WorldBankGroup
The IMF has approved $1.3B in additional assistance for Ukraine. The Board of Executive Directors of the IMF approved an additional $1.3B tranche to Ukraine on October 7, the NBU reported. These funds will come within the extended Rapid Financing Instrument (RFI), ... #financialaidforUkraine #imf #IMFaid #nbu
Ukraine will receive an additional $351M from Canada. The Cabinet of Ministers has changed the terms for external state borrowing in 2022 by raising a loan from Canada, the Ministry of Finance reported. In particular, the amount of the preferential loan ... #CanadaAidUkraine #imf #UkraineCanadaCredit
The IMF will significantly worsen the forecast for the world economy. The International Monetary Fund (IMF) will substantially downgrade world economy estimates in its July report, stated Director of the Department of Strategy Seyla Pazarbasioglu, writes Bloomberg. Acco... #imf #IMFeconomyForcast #IMFforecast
US Democrats urge new $650B IMF aid for Ukraine’s war hit. Key Democratic congressional allies are urging President Joe Biden’s administration to support a new injection of resources for affected countries from the IMF to help them deal with the fallout from ... #imf #UScongress #USdemocrats
Ukraine is considering its options to restructure debt. Ukrainian officials are exploring the possibility of debt restructuring as the war-ravaged country’s funding options are at risk of depletion, according to three people familiar with the discussions,... #imf #IMFandUkraine #ukrainedebt #UkraineRestructuringDebt
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 #IMFloansForUkraine #IMFprogramm
The IMF has downgraded the global economy’s outlook due to Russia’s war against Ukraine. IMF Managing Director Kristalina Georgieva said that global economic growth in 2022-2023 will decline even more than previously forecast, covering 143 countries worldwide. “In January, we lower... #GlobalEconomy #imf #ukraine
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
The war between Russia and Ukraine will lead to famine in the Middle East. Russia’s invasion of Ukraine could destabilize the Middle East over food problems, stated the IMF Managing Director, Kristalina Georgieva. According to her, the impact on the world economy fro... #imf #KristalinaGeorgieva #MiddleEastHunger #UkraineGrainExport #WarinUkraine
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
Canada, the United States, and Britain demand the removal of the Russian IMF representative. Canada, the United States, and Britain have demanded that Alexei Mozhin, Russia’s representative to the IMF, resign or be stripped of his honorary chairmanship, reported Reuters. Mozhin has held... #imf #IMFremovesRussia
The National Bank of Ukraine is discussing options to support the economy and financial sector of our country during martial law with the International Monetary Fund (IMF). It is noted that the Fund’s experts praised all the measures taken by the National Bank to ensure the continuity of the financial system during martial law. Further steps are being discussed, i... #imf #IMFinUkraine #IMFmission #UkraineandIMF
In Western Ukraine, 16 communities have joined forces to build a waste sorting plant. The Polyana community in Zakarpattia has signed agreements with 16 surrounding communities to establish a garbage sorting plant. The amount of construction investment is €12M, €9M of which will be sup... #imf #IMFmission
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’s new program of cooperation with the IMF. After completing a joint stand-by program with the International Monetary Fund (IMF) in the summer of 2020, Ukraine intends to continue the partnership under a new program, said The Prime Minister, De... #imf #IMFandUkraine #IMFprogramforUkraine
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 #IMFmissionInUkraine #IMFmoneyforUkraine #IMFnadUkraine
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 #IMFinUkraine2021 #IMFmissionInUkraine
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
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 #imfandukaine
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
Renewal of Ukraine’s $5 billion IMF agreement depends on “a number of outstanding issues that need to be resolved,” Goesta Ljungman, the IMF’s resident representative, said in a lengthy interview with Interfax-Ukraine. “At this stage, it is not possible to make any predictions about when the review can be completed... #imf #IMFtranches
Facing $6 billion in external borrowing that are needed this year, Ukraine is “already uncomfortable” without the $3 billion in remaining IMF tranches , Finance Minister Serhiy Marchenko said in a lengthy interview with LIGA. “We have no opportunity to receive income from another source,” he says. “The IMF program is our baseline scenario.” He said ... #imf #IMFandUkraine #IMFmoney
Separately, Marchenko hopes to reach an IMF staff level agreement soon, he told reporters at a press conference on Tuesday. Anti-corruption policy and judicial reform remained outstanding issues in the talks, he said. #Anticorruptionpolicy #imf #IMFandUkraine #Marchenko
US and IMF support for Ukraine depend on the Zelenskiy Administration taking concrete steps to reform the court system and protect Western-designed anti-corruption institutions, George Kent, U.S. Deputy Assistant Secretary of State for European and Eurasian Affairs, told VOA last week. Explicitly tying aid to free market changes, he said: “The expectations of Ukrainians and A... #imf #IMFinUkraine #IMFsupport #UkraineandIMF
Fueled by foreign investors looking for high yields, the Finance Ministry sold a record $1.85 billion worth of government bonds at auction yesterday Fueled by foreign investors looking for high yields, the Finance Ministry sold a record $1.85 billion worth of government bonds at auction yesterday. Yields on hryvnia bonds ranged from 10% for 3-mont... #BlackfridayUkraine #HuaweiUkraine #imf #IMFloans #infrastructureUkraine #newrailroadcarts #newsaboutukraine #nordstream2 #overloadadtrucks #ubn #ukrainetoday
The total amount raised was more than three times the amount raised at last week’s auction. The total amount raised was more than three times the amount raised at last week’s auction. With two more weekly auctions scheduled this month, the Ministry is expected to cover the budget shortfall b... #BlackfridayUkraine #HuaweiUkraine #imf #IMFloans #infrastructureUkraine #newrailroadcarts #newsaboutukraine #nordstream2 #overloadadtrucks #ubn #ukrainetoday
The Rada passed Ukraine’s 2021 budget yesterday. A fiscally conservative document with a deficit of 5.5% of gross domestic product The Rada passed Ukraine’s 2021 budget yesterday. A fiscally conservative document with a deficit of 5.5% of gross domestic product, slightly less than this year. Finance Minister Serhiy Marchenko said... #BlackfridayUkraine #HuaweiUkraine #imf #IMFloans #infrastructureUkraine #newrailroadcarts #newsaboutukraine #nordstream2 #overloadadtrucks #ubn #ukrainetoday
The budget numbers The budget numbers: #BlackfridayUkraine #HuaweiUkraine #imf #IMFloans #infrastructureUkraine #newrailroadcarts #newsaboutukraine #nordstream2 #overloadadtrucks #ubn #ukrainetoday
In another move to get back on track with the IMF, the Rada overwhelmingly approved yesterday two bills to restore powers to a key agency of Ukraine’s new Western-designed anti-corruption machinery. In another move to get back on track with the IMF, the Rada overwhelmingly approved yesterday two bills to restore powers to a key agency of Ukraine’s new Western-designed anti-corruption machinery. T... #BlackfridayUkraine #HuaweiUkraine #imf #IMFloans #infrastructureUkraine #newrailroadcarts #newsaboutukraine #nordstream2 #overloadadtrucks #ubn #ukrainetoday
In Washington, Kurt Volker, former special envoy to Ukraine, warned that the incoming Biden administration will not give a free pass to the Zelenskiy administration In Washington, Kurt Volker, former special envoy to Ukraine, warned that the incoming Biden administration will not give a free pass to the Zelenskiy administration due to Ukraine’s strategic value in... #BlackfridayUkraine #HuaweiUkraine #imf #IMFloans #infrastructureUkraine #newrailroadcarts #newsaboutukraine #nordstream2 #overloadadtrucks #ubn #ukrainetoday
Drought pushed down this year’s national grain harvest by 13% yoy, to 65.4 million tons Drought pushed down this year’s national grain harvest by 13% yoy, to 65.4 million tons, Igor Petrashko, minister of Economic Development and Trade, announced yesterday. The fall ended two years of re... #BlackfridayUkraine #HuaweiUkraine #imf #IMFloans #infrastructureUkraine #newrailroadcarts #newsaboutukraine #nordstream2 #overloadadtrucks #ubn #ukrainetoday
Despite the drops, Minister Petrashko said the 2020 harvest is “three times more than the needs of the domestic market Despite the drops, Minister Petrashko said the 2020 harvest is “three times more than the needs of the domestic market, and also allows us to maintain a leading position in the export of agricultural ... #BlackfridayUkraine #HuaweiUkraine #imf #IMFloans #infrastructureUkraine #newrailroadcarts #newsaboutukraine #nordstream2 #overloadadtrucks #ubn #ukrainetoday
Thousands of small business owners and workers yesterday protested the impending coronavirus lockdown and end of tax privileges Thousands of small business owners and workers yesterday protested the impending coronavirus lockdown and end of tax privileges, blocking central Kyiv’s Maidan Square and Kreschatyk Street into the ni... #BlackfridayUkraine #HuaweiUkraine #imf #IMFloans #infrastructureUkraine #newrailroadcarts #newsaboutukraine #nordstream2 #overloadadtrucks #ubn #ukrainetoday
