“The International Monetary Fund team has upgraded its economic growth forecast for Ukraine this year, as the indicators of the Ukrainian economy in the previous two quarters turned out to be better than expected.”, — write: www.ukrinform.ua
commenting on the changes in estimates for Ukraine’s GDP from 3% to 4% based on the results of the current year, the representative of the IMF said: “The team (IMF – ed.) has really revised the growth forecast.” According to her, the reasons for the review were “better-than-expected results in the second and third quarters of this year.”
Kozak noted that this “proves that the economy remains stable despite very, very difficult circumstances.”
She also emphasized that according to the results of the sixth review of the EFF Program for Ukraine, the IMF assessed the productivity of the efforts of the Ukrainian side as very high. All quantitative performance criteria and structural beacons were achieved as of the end of September.
In addition, she noted, additional agreements were reached between the IMF and Ukraine on a number of strategies and reforms to support macroeconomic stability during the war.
Read also: the IMF somewhat improved Ukraine’s GDP growth forecast At the same time, the representative of the IMF noted that the prospects for Ukraine remain uncertain, the war with the Russian Federation continues to cause significant damage to the population, economy and infrastructure of the country.
As reported by Ukrinform, the Executive Board of the IMF will meet to consider the results of the sixth revision of the EFF program for Ukraine and to make a decision on the allocation of the next tranche in the coming weeks.