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2018-10-22 11:50:00

IMF HAS UKRAINE FOR $3.9 BLN

IMF HAS UKRAINE FOR $3.9 BLN

IMF - 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 new SBA, with a requested access of SDR 2.8 billion (equivalent to US$3.9 billion), will provide an anchor for the authorities' economic policies during 2019. Building on progress made under the EFF arrangement in reducing macro-economic vulnerabilities, 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 agreement reached today 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 authorities' steadfast and effective implementation will be critical for the program to achieve its objectives.

The agreement is subject to IMF management approval and 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.

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Earlier:

 EBRD HAS UKRAINE FOR  €12.1 BLN
2018, October, 12, 11:05:00

EBRD HAS UKRAINE FOR €12.1 BLN

EBRD - The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost €12.1 billion across some 400 projects since the start of its operations in the country in 1993.

 

 ДЕФИЦИТ УКРАИНЫ В 2,7 РАЗА БОЛЬШЕ
2018, September, 5, 10:35:00

UKRAINE'S DEFICIT UP 2.7 TIMES

INTERFAX-UKRAINE - The NBU said that the deficit of the current account in July 2018 accounted for $1.102 billion, which is 8.8 times more than in June 2018 and 2.7 times more than in July 2017.

 UKRAINE'S DEBT WILL UP
2018, August, 29, 10:20:00

UKRAINE'S DEBT WILL UP

UNIAN - "If we don't pay, this will mean inflation, uncontrolled price rises for everything, depreciation of the national currency, halt of industrial production, and so on... And that's why we are adopting a strategy to manage the debt so as to protect people from any negative consequences as much as possible. We spend UAH 130 billion annually on debt servicing alone," Groysman said.

 

 

 U.S. HAS UKRAINE
2018, August, 27, 14:10:00

U.S. HAS UKRAINE

REUTERS - Ukraine government should consider looking for alternatives to natural gas supplies from Russia.

 

 IMF: UKRAINE'S PRICE: $17.5 BLN
2018, August, 24, 11:20:00

IMF: UKRAINE'S PRICE: $17.5 BLN

UNIAN - Ukraine must raise gas prices to market levels in order to qualify for more aid under a $17.5 billion IMF program. Ukraine, which wants to resume cooperation with the International Monetary Fund (IMF), may need to increase household gas prices, Prime Minister Volodymyr Groysman was quoted as saying on Thursday.

 

 GAZPROM IS GETTING
2018, May, 25, 10:35:00

GAZPROM IS GETTING

REUTERS - The head of Ukraine’s Naftogaz said on Thursday EU-mediated talks over future Russian gas transit via the country to Europe must include Gazprom and must be based on firm commitments.

 U.S. BOUGHT UKRAINE
2018, April, 20, 08:35:00

U.S. BOUGHT UKRAINE

U.S.DT - U.S. Treasury Secretary Steven Mnuchin met with Finance Minister Oleksandr Danyliuk of Ukraine. Secretary Mnuchin and Minister Danyliuk discussed the economic and reform outlook of the Ukrainian economy

 

 

Tags: IMF, UKRAINE, GAS

Chronicle:

IMF HAS UKRAINE FOR $3.9 BLN
2019, January, 18, 10:25:00

BANGLADESH'S NEW ENERGY

PLATTS - Bangladesh is planning to step up efforts to liberalize its gas and LNG sectors from 2019 in order to boost private investment and enhance energy security, a move that would likely increase domestic downstream competition and affect the competitiveness of existing oil-linked LNG supply contracts.

IMF HAS UKRAINE FOR $3.9 BLN
2019, January, 18, 10:20:00

NOVATEK PRODUCTION +6.9%

NOVATEK - In 2018, NOVATEK’s hydrocarbon production totaled 548.4 million barrels of oil equivalent (boe), including 68.81 billion cubic meters (bcm) of natural gas and 11,800 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 35.1 million boe, or by 6.9% as compared with the twelve months 2017.

IMF HAS UKRAINE FOR $3.9 BLN
2019, January, 16, 11:40:00

OIL PRICE: ABOVE $60

REUTERS - International Brent crude oil futures LCOc1 were at $60.68 per barrel at 0703 GMT, 4 cents above their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 2 cents from their last settlement, at $52.13 a barrel.

IMF HAS UKRAINE FOR $3.9 BLN
2019, January, 16, 11:35:00

GERMANY PROTECTS EUROPE

REUTERS - Germany will try to protect German and European companies from some potentially “massive collateral damage” if Washington levies further sanctions against Russia, Foreign Minister Heiko Maas said.

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