IMF: Resources for clean energy will become more expensive. In addition to the influence of geopolitical factors, such as the pandemic or the Russian war in Ukraine, which have already pushed prices up on global markets, additional price increases are expected... #ClimateChange #GreenENergy #IEA #imf #RenewableEnergy
The IMF is concerned about Ukraine’s delayed financial assistance. The head of the IMF, Kristalina Georgieva, believes the West should provide financial aid to Ukraine as soon as possible. In her opinion, Ukraine can cope with the likely short-term financing deficit ... #DanyloHetmantsev #financialaidforUkraine #imf #KristalinaGeorgieva #UkraineBudget2024 #UkraineBudgetDeficit
The IMF insists on increasing bank lending to hasten Ukraine’s recovery. In Ukraine, the level of bank lending is low, which is a significant obstacle to the recovery of the country, according to former member of the NBU Council, Bohdan Danylyshyn. Danylyshyn states that, ... #BankLoans #BohdanDanylyshyn #financeUkraine #imf #LendingInUkraine #nbu
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
Ukraine will fully settle with the IMF under the 2018 stand-by program. Ukraine will fully repay the IMF under the 2018 stand-by program, which amounts to $166M at the current exchange rate, said Economist Oleksiy Blinov. According to him, the payment will be provided fro... #imf #nbu #OleksiyBlinov #ukrainedebt #UkraineLoans
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
Ukraine has fulfilled most IMF and EU structural beacons on time, but there are some delays. During the nine months of the IMF program, requirements have been met for 16 of the IMF’s 23 structural beacons and eight of the 20 conditions under the EU program. The country has neither fulfilled n... #EKrecommendation #imf #IMFStructuralBeacons #ReformsinUkraine
IMF loans have turned out to be the most expensive for Ukraine. As of October 2023, the average cost of servicing all loans granted to Ukraine by external official creditors is about 2.1% per annum, said former NBU executive Bohdan Danylyshyn. According to him, IM... #BohdanDanylyshyn #imf #IMFloans #LoansForUkraine #nbu
The IMF has improved its expectations for Ukrainian economic growth to 4.5%. In the IMF’s notification regarding the arrangements for the second review of the program as part of the expanded financing of the EFF, it is noted that the Ukrainian economy continues to demons... #EFFprogram #GDPinUkraine #imf #IMFprogramforUkraine #UkraineEconomy
IMF: The war will determine Ukraine’s economic prospects. Ukraine’s economy continues to recover in 2023 amid infrastructure attacks, and its growth could reach 1-3% this year, 3.2% next year, and 6.5% in 2025. However, the duration and intensity of th... #GDPinUkraine #imf #IMFforecast #UkraineEconomy
By the end of the year, Ukraine needs to attract more than $9B in international aid, which will decrease in 2024-2025. The amount of international financial aid that Ukraine has received this year will exceed $45B, but in the next two years it will gradually decrease to $38.5B and $25B, respectively, the NBU predicts.... #financialaidforUkraine #imf #nbu #SupportUkraine #UkraineBudget
The IMF has started reviewing the EFF program with Ukraine. On November 6, the IMF mission began discussing the second review of the extended financing program with Ukrainian authorities, said IMF Resident Representative to Ukraine, Vahram Stepanyan. The NBU c... #AndriiPyshnyi #EFFprogram #imf #IMFprogramforUkraine #nbu #VahramStepanyan
Ukraine has fulfilled its IMF and EU requirements and strengthened control over the expenses of politically exposed persons, and moves toward another beacon. In the second reading, the Ukrainian Parliament supported draft law No. 9296-d on strengthening financial monitoring of politically exposed persons (PEP). The document’s main innovation is that top of... #imf #IMFStructuralBeacons #PEP #ReformsinUkraine
Ukraine presents the G7 financial block with its economic prospects, which the IMF assesses positively. Ukraine’s economy is showing stability during the current year, and GDP growth is forecast to be 4.7%, said Finance Minister Serhiy Marchenko. “Inflation is falling faster than expected: 7... #AlfredKammer #GDPinUkraine #imf #InflationinUkraine #SerhiyMarchenko #UkraineEconomy
Ukraine’s external financing needs in 2024 are $3B higher than previous estimates. Ukraine has shown outstanding results in the country’s economic management during the war, but its needs in external financing in 2024 will be $3B more, and it is necessary to help Ukraine cope ... #EFFprogram #imf #KristalinaGeorgieva #UkraineEconomy #UkraineRecovery
The IMF will allocate $900M to Ukraine at the end of 2023, but there are conditions. IMF Director Kristalina Georgieva stated that this financing will take place under the Enhanced Funding Program (EFF). “In June, we completed the first review of this program, bringing the IMF&#... #EFFprogram #financialaidforUkraine #imf #IMFprogramm #KristalinaGeorgieva
The IMF believes that the population of Ukraine will grow after a significant decline in the first years of the war. According to the October World Economic Outlook, the International Monetary Fund predicts the gradual return of refugees to Ukraine as early as 2024. The population of Ukraine in 2021 was 41 million p... #imf #RefugeesFromUkraine #RepatriationInUkraine #UkrainePopulation #WarinUkraine
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
Ukraine receiving $115B in aid from its partners depends on an IMF program. According to the head of the NBU, Andriy Pyshnyi, implementing the IMF program will provide financial assistance of $15.6B and be critical for obtaining $115B in financing from partners over the next ... #AndriiPyshnyi #financialaidforUkraine #imf #IMFprogramforUkraine #SupportUkraine
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
