“The decision allowed the authorities of Ukraine to attract $ 0.4 billion that “will be aimed at supporting budget””, – WRITE: www.radiosvoboda.org
The decision was reported that the authorities of Ukraine attract $ 0.4 billion, which will be “aimed at supporting the budget.” Therefore, the amount of total IMF payments will reach $ 10.1 billion.
“The indicators of Ukraine under the program remain high. All quantitative performance criteria at the end of December and constant indicators were fulfilled, as well as most structural control indicators. The previous action was also performed on increase in excise tax On tobacco products, while the structural control indicator on the entry into force of the Law on the Creation of the Supreme Administrative Court was executed with delay, ”the Foundation said.
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The organization adds that the authorities of Ukraine asked to change the stages of payments of the IMF to better reconcile them with the updated balance sheet needs. The total size of the program remains unchanged.
According to the IMF observations, Ukraine’s economic growth in 2024 remained stable, but slowed in the second half of the year. It is expected that in 2025 the slowdown will continue because of the “more rigid situation in the labor market, the impact of attacks on energy infrastructure and uncertainty, which continues in the future.” The general forecast remains “extremely uncertain.”
“Russia’s war in Ukraine continues to cause destructive social and economic losses to Ukraine. Despite this, macroeconomic stability is maintained through the skillful development of politics, as well as significant external support, ”-says IMF Director Christalina Georgieva.
It adds that the IMF program remains fully financed with the total external funding of $ 148.8 billion in the Basic Scenario and 162.9 billion – by a decline in the four -year program.
Georgiev also called the strengthening of monetary policy, which the National Bank of Ukraine resorts to, and called for it to be prepared for further action in case of deterioration of inflation expectations.
In February, the International Monetary Fund staff and the Ukrainian authorities have reached the personnel level of the personnel (SLA) on the seventh view of the 4-year-old expanded funding program (EFF) worth $ 15.5 billion. The agreement, in particular, opened the way to obtain an eighth tranche about $ 0.4 billion.
