UP

Ukraine needs new long-term cooperation with the IMF

Home page Politics
12 Punto 14 Punto 16 Punto 18 Punto

Ukraine needs a new long-term program of cooperation with the International Monetary Fund (IMF) in the amount of $5-10 billion, the Deputy Governor of the National Bank Dmytro Sologub said.

Axar.az reports citing Interfax that according to the forecast of the central bank, the first tranche of about $2 billion under the new IMF program could be received by the country by the end of this year, approximately the same amount of IMF financing could be in 2020-2021.

As expected by the NBU, the obligations that Ukraine will undertake under the new program are unlikely to differ significantly from the terms of the previous agreements. International partners expect, above all, anti-corruption, judicial and land reforms from Ukraine, as well as the continuation of a balanced fiscal policy and a decrease in the share of overdue debt in the loan portfolio of the banking system.

"The new program with the IMF is, first of all, a positive signal for investors and international partners of Ukraine, an indicator of the continuation of reforms. The current level of international reserves is sufficient to smooth out fluctuations in the foreign exchange market by the National Bank and fulfill government obligations," the report says.

Date
2019.08.09 / 11:52
Author
Axar.az
Comments
See also

A great global alliance appeared before us

Pashinyan threatened the separatists

Invitation from the Russian MFA to Baku and Yerevan

Greece's military cooperation with Armenia

A call from the MFA to the EU

Baku supports the united China policy - Hajiyev

This shows respect and trust in Baku - Hajiyev

Answer to Klaar from the MFA: the villages in question

Azerbaijani MFA congratulated Greece

Ilham Aliyev called Putin

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla