IMFprogramm

Thursday, October 17

US Deputy Under Secretary for International Finance Brent Neiman is confident that the IMF will approve a new $1.1B tranche for Ukraine.

US Deputy Under Secretary for International Finance Brent Neiman is confident that the IMF will approve a new $1.1B tranche for Ukraine. The IMF approved the tranche’s provision at the working level on September 10, but the Fund’s executive board still needs to give its final approval. “Ukraine has already undergone s...

Tuesday, February 20

The government is considering raising taxes as part of the IMF program.

The government is considering raising taxes as part of the IMF program. The Cabinet of Ministers is considering a plan to increase budget revenues by 0.5% of GDP, which Ukraine must present within the IMF program. To that end, the government plans to introduce additional ...

Tuesday, February 13

An IMF team arrived in Kyiv to discuss reforms and financing for this year.

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...

Friday, October 13

The IMF will allocate $900M to Ukraine at the end of 2023, but there are conditions.

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&#...

Thursday, October 5

The IMF positively assesses Ukraine’s implementation of the EFF program.

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 ...

Monday, July 10

The IMF has added four structural benchmarks to the program with Ukraine.

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...

Thursday, June 1

Ukraine has fulfilled three IMF structural beacons.

Ukraine has fulfilled three IMF structural beacons. The Cabinet of Ministers submitted to the Parliament a draft of amendments to the Budget Code to ensure the predictability of budget policy and strengthen debt sustainability. It will allow the implem...

Wednesday, May 31

Ukraine has agreed with the IMF on the second tranche of $900M.

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...

Tuesday, May 30

Ukraine plans to restore pre-war taxation to implement their IMF program.

Ukraine plans to restore pre-war taxation to implement their IMF program. In the first reading, the parliament supported changes to the Tax Code of Ukraine and other laws regarding the specifics of taxation during the martial law period. Their goal is to restore the taxatio...

Thursday, May 25

The NBU will discuss easing currency restrictions with the IMF.

The NBU will discuss easing currency restrictions with the IMF. On May 23, the IMF mission began preparations for the first review of the EFF program with Ukraine. The National Bank said that during negotiations special attention will be paid to the gradual easing...

Monday, May 15

The G7 finance ministers have announced $44B in increased support for Ukraine and new sanctions against Russia.

The G7 finance ministers have announced $44B in increased support for Ukraine and new sanctions against Russia. It is noted that similar support from the Big Seven allowed approval of the IMF’s four-year program for Ukraine, enabling Ukrainian authorities to ensure the government’s function, continue to ...

The Ukrainian government will implement one of the IMF’s structural beacons.

The Ukrainian government will implement one of the IMF’s structural beacons. The Cabinet of Ministers approved a draft law which will allow the liquidation of the Gas Pipelines of Ukraine (GPU) company in an expedited manner. It will be merged with the Operator of the GTS of U...

Thursday, May 4

Ukraine implemented one of the IMF’s structural beacons.

Ukraine implemented one of the IMF’s structural beacons. The President of Ukraine, Volodymyr Zelenskyy, signed a law on the use of funds from accounts designated for the support of Ukraine. The launch of this law became the second implemented structural bea...

Tuesday, May 2

The IMF promotes conditions for post-war Ukraine’s stable and long-term economic growth.

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...

Friday, April 14

The US Treasury has called on the West to continue providing substantial aid to Ukraine and promises to provide new grants by September.

The US Treasury has called on the West to continue providing substantial aid to Ukraine and promises to provide new grants by September. The US Treasury Secretary Janet Yellen voiced the this position during her speech at the beginning of the ministerial meeting regarding Ukraine at the IMF spring meetings. According to Yellen, the Ukr...

Tuesday, April 4

The new $15.6B IMF program contains 10 fiscal and 4 anti-corruption structural benchmarks.

The new $15.6B IMF program contains 10 fiscal and 4 anti-corruption structural benchmarks. More than half of the required tasks are related to taxation, and others are devoted to the fight against corruption. The nearest fiscal beacon is a law taking effect by May to increase state budget e...

Monday, April 3

The IMF Board of Directors has approved a new four-year $15.6B extended financing program for Ukraine.

The IMF Board of Directors has approved a new four-year $15.6B extended financing program for Ukraine. This program is part of the overall $115B package of Ukrainian support from its international partners. The first tranche of $2.7B is expected to arrive in a few weeks. After that, other tranches will...

Thursday, March 23

Ukraine and the IMF have agreed on a four-year, $15.6B program.

Ukraine and the IMF have agreed on a four-year, $15.6B program. As the IMF specified, the agreement still has to be approved by the Fund’s Board of Directors in the coming weeks. The program’s goal is to maintain fiscal, external, and financial stabili...

Monday, March 20

The IMF has changed their rules to allow a program for Ukraine.

The IMF has changed their rules to allow a program for Ukraine. The Board of Directors of the International Monetary Fund approved changes in the policy of the Fund’s financial guarantees. This decision will make it possible to approve a new credit program f...

Wednesday, October 5

The IMF might give Ukraine $1.3B at the end of the week.

The IMF might give Ukraine $1.3B at the end of the week. The Executive Board of the International Monetary Fund will consider Ukraine’s request for additional assistance under the emergency financing program on October 7. IMF staff have prepared the n...

Tuesday, May 31

The new program with the IMF should support macro-financial stability.

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...

Tuesday, January 25

The government expects to review the IMF program in February

The government expects to review the IMF program in February , stated at a briefing following a National Security and Defense Council meeting by Prime Minister Denis Shmygal, reported Ukrinform. “We are waiting for the next revision of the current program...

Tuesday, May 18

Ukraine and IMF may reach a staff level agreement in the next few weeks, close to the one year anniversary of the $5 billion Stand-By Agreement, Yuriy Geletiy, Deputy Governor of the National Bank of Ukraine, announced in an interview with FinClub. Referring to reforms tha...

Wednesday, January 27

The Finance Ministry sold last year the equivalent of $13.6 billion worth of bonds

The Finance Ministry sold last year the equivalent of $13.6 billion worth of bonds The Finance Ministry sold last year the equivalent of $13.6 billion worth of bonds, reports the Ministry. About one third of the bonds were in foreign currency — $3.8 billion and €800 million. S...

With Argentina and Russia moving next month to curb corn exports, Ukraine is meeting domestic consumers half way, imposing an export quota of 24 million tons

With Argentina and Russia moving next month to curb corn exports, Ukraine is meeting domestic consumers half way, imposing an export quota of 24 million tons With Argentina and Russia moving next month to curb corn exports, Ukraine is meeting domestic consumers half way, imposing an export quota of 24 million tons, 8% higher than what pig and poultry produ...

Ukraine’s food exports to the EU slipped by 11% last year, to €6.5 billion

Ukraine’s food exports to the EU slipped by 11% last year, to €6.5 billion Ukraine’s food exports to the EU slipped by 11% last year, to €6.5 billion, the Ukrainian Agribusiness Club reports on Facebook. Ukraine was tied with China as the third largest source of imported foo...

Poland, Slovakia and Hungary recruit heavily for Ukrzaliznytsia’s railway workers,

Poland, Slovakia and Hungary recruit heavily for Ukrzaliznytsia’s railway workers, Poland, Slovakia and Hungary recruit heavily for Ukrzaliznytsia’s railway workers, leading to a growing labor shortage here, reports the Center for Transportation Strategies. “There are a huge number ...

“Dmitri lokfuhrer,” or Dmitri, the locomotive engineer, is the poster boy for

“Dmitri lokfuhrer,” or Dmitri, the locomotive engineer, is the poster boy for “Dmitri lokfuhrer,” or Dmitri, the locomotive engineer, is the poster boy for Deutsche Bahn’s new Ukrainian language recruiting advertisement for Ukrainian train drivers. Featuring a video of Dmitri d...

In a symbolic step toward privatizing Ukraine’s state-dominated banking sector,

In a symbolic step toward privatizing Ukraine’s state-dominated banking sector, In a symbolic step toward privatizing Ukraine’s state-dominated banking sector, the World Bank’s International Finance Corporation is extending a €30 million euro loan to state-owned Ukrgasbank, which...

“Ukrgasbank will be Ukraine’s first state-owned bank to go private,”

“Ukrgasbank will be Ukraine’s first state-owned bank to go private,” “Ukrgasbank will be Ukraine’s first state-owned bank to go private,” the National Bank of Ukraine said in a press release. “The new €30mn loan lays the groundwork for the bank’s transformation.” Kyryl...

Concorde Capital’s

Concorde Capital’s Concorde Capital’s Alexander Paraschiy writes: “Taking into account that Ukrgazbank was best-prepared for an international financial institution entering into its equity, and that the negotiation proc...

The IMF has raised its world GDP growth forecast to 5.5% for this year

The IMF has raised its world GDP growth forecast to 5.5% for this year The IMF has raised its world GDP growth forecast to 5.5% for this year, according to its World Economic Outlook Update released yesterday. Growth is predicated on aggressive and successful global vacc...

Ukraine wants to extend its $5.2 billion IMF loan program by another six months, to June 2022,

Ukraine wants to extend its $5.2 billion IMF loan program by another six months, to June 2022, Ukraine wants to extend its $5.2 billion IMF loan program by another six months, to June 2022, reports LB.ua. Approved last June, the program was designed to release the money in five tranches through...

Concorde Capital’s Alexander Paraschiy wrote

Concorde Capital’s Alexander Paraschiy wrote Concorde Capital’s Alexander Paraschiy wrote: “The Fund will demand the full restoration of the recently damaged anti-corruption infrastructure. Therefore, the lb.ua allegations are in line with our a...

The Finance Ministry lowered yields on three of four-hryvnia Government Bonds it offered at auction yesterday

The Finance Ministry lowered yields on three of four-hryvnia Government Bonds it offered at auction yesterday The Finance Ministry lowered yields on three of four-hryvnia Government Bonds it offered at auction yesterday, the Ministry reported on Facebook. By squeezing the supply of 6-month bonds, it lowered t...

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