Ukraine and IMF agreed on new program
Ukraine and International Monetary Fund (IMF) agreed on new Stand-By arrangement.
It was reported by the IMF press service.
"The International Monetary Fund (IMF) staff and the Ukrainian authorities have reached agreement on economic policies for a new 14-month Stand-By Arrangement (SBA). The new SBA will replace the arrangement under the Extended Fund Facility (EFF), approved in March 2015 and set to expire in March 2019," the release reads. It's noted that new SBA, with a requested access of USD 3.9 billion, will provide an anchor for the authorities’ economic policies during 2019.
It will focus in particular on continuing with fiscal consolidation and reducing inflation, as well as reforms to strengthen tax administration, the financial sector and the energy sector. The reached agreement reflects the IMF’s commitment to continue to help Ukraine achieve stronger, sustainable, and inclusive economic growth.
The new program has been developed in close coordination with the World Bank and the European Union, who have parallel operations to support Ukraine.
The agreement is subject to approval by the IMF Executive Board.
Board consideration is expected later in the year following parliamentary approval of a government budget for 2019 consistent with IMF staff recommendations and an increase in household gas and heating tariffs to reflect market developments while continuing to protect low-income households.
- 16:5807.12280007.12.2018 | Investments28000Investors' coming to coal industry seems impossibleAfter the conflict in Donbass (Donetsk coal basin) has began in 2014, the situation in the state-owned coal mines looks like one long ordeal
- 15:1003.12269003.12.2018 | Investments26900EBRD, EIB and WBG launch enterprise surveyEBRD, EIB and WBG launch enterprise survey in Ukraine
- 12:5722.1052122.10.2018 | Investments5210Horizon Capital plans to invest up to USD 200 million into UkraineHorizon Capital will invest up to USD 200 million into Ukraine over 3-5 years
- 10:2022.1042722.10.2018 | Investments4270Ukraine and IMF agreed on new programUkraine and IMF agreed on new Stand-by arrangement
- 16:1517.1041717.10.2018 | Investments4170Ukraine was downgraded 2 positions in competitiveness ratingUkraine was downgraded 2 positions and placed the 83rd in WEF competitiveness rating
- 10:0316.1050416.10.2018 | Investments5040AMCU permitted Horizon Capital to buy share in confectionaryAMCU permitted Horizon Capital to buy share in Yarych confectionary
- 10:4509.10101209.10.2018 | Investments10120EBRD approved new strategy for UkraineThe EBRD approved new strategy for Ukraine which focuses on privatization, energy security, banks and capital markets
- 10:5628.0944628.09.2018 | Investments4460EIB invested in Ukrzaliznytsia and UkravtodorEIB decided to allocate EUR 50 million to infrasructure of Ukrzaliznytsia and Ukravtodor
16:5807.122800Investors' coming to coal industry seems impossible 14:3707.122522Kyivstar got new CEO 16:1206.122543FUIB afforced Supervisory Board 13:5406.122360Chinese allowed to enter PFTS's capital 15:3305.122733New Memorandum on cooperation with IMF is approved 11:1705.122737Ukrainian Exchange admitted bonds of Alfa Bank and OTP Bank to trading 16:0704.122375Ihor Mitiukov was reselected as NDU's Supervisory Board Chairman 12:5504.122176VAT refund has increased by 12% since January 2018 15:1003.122690EBRD, EIB and WBG launch enterprise survey 12:0703.122382Ukraine is in top three countries by frequency of systemic banking crises