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 IMF positively assesses Ukraine’s implementation of the EFF program. According to Uma Ramakrishnan, Deputy Director of the European Department of the IMF, the IMF will continue interacting with the Ukrainian authorities in the coming weeks for the second review of the ... #EFFprogram #imf #IMFprogramm #UmaRamakrishnan
The IMF and Ukraine are preparing for the next disbursement from the IMF. On September 25, The IMF announced the start of technical discussions with Ukrainian authorities on the allocation of the third tranche through their credit program. “Discussions will cover the ... #imf #IMFprogramforUkraine #IMFtranche
Ukraine is preparing for the second revision of its program with the IMF. A review of the EFF program is expected in October, said the head of the Ministry of Finance, Serhii Marchenko, at the EBA Global Outlook meeting. According to the minister, it is necessary to demonst... #EFFprogram #imf #IMFprogramforUkraine #SerhiyMarchenko
Ukraine will start raising taxes on banks first if the IMF requests higher taxes. As of today, the Ministry of Finance does not foresee changes in the tax system anytime soon, and there is no need to talk about tax increases, Minister of Finance Serhiy Marchenko said at the EBA Glo... #financeUkraine #imf #SerhiyMarchenko #TaxesinUkraine #UkrainianBanks
The global economy suffers from the war in Ukraine and the pandemic. The global economy has demonstrated resilience to a few negative shocks — pandemics, wars, climate events, and the cost-of-living crisis. The recovery from these shocks continues slowly and unevenly, ... #GlobalEconomy #GlobalPandemic #imf #KristalinaGeorgieva #WarinUkraine
Ukraine has fulfilled another IMF beacon: the new Financial Sector Development Strategy. This blueprint for developing the financial sector during the war envisages inflation at a level of less than 15% and possible deviations of the hryvnia to dollar cash rate from the official rate belo... #financeUkraine #imf #IMFStructuralBeacons
The IMF criticizes Ukraine’s simplified taxation system. The comments relate to certain aspects of the simplified taxation system based on the single tax in Ukraine. It creates opportunities for arbitrage between tax groups and lower taxes instead of the ge... #EFFprogram #imf #TaxesinUkraine #UkraineTaxSystem
The IMF has added four structural benchmarks to the program with Ukraine. These have been added to the updated memorandum, which Ukraine must fulfill to receive the third tranche of aid. Two of them must be completed by the end of September. In particular, the articles of t... #imf #IMFprogramm #IMFStructuralBeacons #ReformsinUkraine
The IMF has improved its economic assessment of Ukraine. Real GDP growth in Ukraine as of May has already reached +2.4% compared to -29.1% at the end of last year, while inflation indicators have decreased and conditions on the foreign exchange market have ... #GDPinUkraine #imf #InflationinUkraine #StateBudgetUkraine #UkraineEconomy
The IMF announces the risk of Ukraine losing up to $800M monthly due to reduced agricultural exports. In particular, the International Monetary Fund expects a decrease in grain exports from Ukraine due to poor harvests and mined fields. The volume of Ukrainian grain exports is predicted to decrease to... #agroexportukraine #agroUkraine #GrainExportUkraine #GrainHarvestUkraine #imf
The IMF approves a decision to allocate $890M to Ukraine. The IMF approved the decision to allocate another tranche to Ukraine within the framework of the extended financing program in the amount of $890 million. “The Executive Board of the IMF complet... #EFFprogram #financialaidforUkraine #imf #IMFaidforUkraine
Ukraine has agreed with the IMF on the second tranche of $900M. Ukraine and the IMF agreed at the staff level on the first revision of the four-year cooperation program, which paves the way for allocating the second $900M credit tranche, Prime Minister Denys Shmyh... #DenysShmyhal #imf #IMFprogramm #IMFtranche
The IMF promotes conditions for post-war Ukraine’s stable and long-term economic growth. Ukraine should strengthen the mobilization of domestic revenues to finance social and infrastructure needs, according to the permanent representative of the IMF in Ukraine, Vahram Stepanyan. “Fo... #imf #IMFprogramm #VahramStepanyan
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 #IMFloans #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
The G7 ambassadors discussed the implementation of the Stand-by Agreement with the head of Ukraine’s IMF mission. The ambassadors were pleased to hear about Ukraine’s fulfillment of some conditions of the Stand-by Agreement, including steps regarding the banking sector and the Deposit Guarantee Fund, the st... #imf #IMFaidforUkraine #сьогоднівукраїні imf
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
