Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2018-12-24 11:35:00

IMF, UKRAINE ARRANGEMENT: $3.9 BLN

IMF, UKRAINE ARRANGEMENT: $3.9 BLN

IMFThe Executive Board of the International Monetary Fund (IMF) today approved a 14-month Stand-By Arrangement (SBA) for Ukraine. The arrangement amounts to the equivalent of SDR 2.8 billion (about US$3.9 billion, 139 percent of quota). The Board also took note of Ukraine's decision to cancel the arrangement under the Extended Fund Facility for Ukraine that was approved on March 11, 2015 (see Press Release No. 15/107).

The authorities’ economic program supported by the SBA will build on the progress made under the EFF arrangement. The SBA will provide an anchor for the authorities’ economic policies during 2019 and focus on maintaining macro-economic and financial stability. The program will focus on four priorities: (i) continuing the ongoing fiscal consolidation to keep public debt on a downward path; (ii) further reducing inflation, while maintaining a flexible exchange rate regime; (iii) strengthening the financial sector, promoting asset recovery, and reviving bank lending; and (iv) advancing a focused set of structural reforms, particularly to improve tax administration, privatization and governance.

The approval of the SBA enables the immediate disbursement of SDR 1 billion (about US$1.4 billion). The remainder will be available upon completion of semi-annual reviews.

Following the Executive Board’s discussion, Mr. David Lipton, First Deputy Managing Director and Acting Chair, said:

“The Ukrainian authorities have successfully restored macro-economic stability and growth, with support from the international community. Prudent fiscal and monetary policies and a flexible exchange rate regime have helped reduce fiscal and current account deficits. Reserves have been partly rebuilt and confidence has improved.

“A new Stand-By Arrangement will provide an anchor for the authorities’ economic policies during the coming year, preserving recent economic gains and paving the way for higher sustainable growth. Together with support from the World Bank and the European Union, the arrangement will help Ukraine meet its financing needs.

“The authorities’ program focuses on maintaining macro-economic stability, notably through continued fiscal consolidation and inflation reduction. This will be accompanied by targeted reforms to strengthen tax administration, governance, and the financial and energy sectors, while continuing to provide social assistance for the most vulnerable.

“The authorities remain committed to fiscal discipline to place public debt firmly on a downward path. It will be important to resist pressures to increase spending or lower taxes, while renewing efforts to improve public financial management and revenue administration.

“Monetary policy aims to reduce inflation and rebuild international reserves within a flexible exchange rate regime. Safeguarding central bank independence will be crucial in this regard. Efforts are underway to address nonperforming loans, recover assets from failed banks, and improve governance in state-owned banks.

“Further progress on anti-corruption reforms and privatization will help attract investment and improve the business climate more broadly. Priorities include operationalizing the anti-corruption court, privatizing large state-owned enterprises, streamlining regulations, and advancing land reform.

“Program implementation is subject to significant risks, both domestic and external. The authorities have taken important steps to mitigate these risks, including by adopting a sound 2019 budget, raising gas and heating tariffs, and adopting legislation to improve governance in state-owned banks. The full and timely implementation of the program will be critical for its success in light of the difficult challenges.”

 

Ukraine: Selected Economic Indicators, 2014−18

 

2016

2017

2018

2019

2020

     

Proj.

Proj.

Proj.

Real economy (percent change, unless otherwise indicated)

     

Nominal GDP (billions of Ukrainian hryvnias)

2,385

2,983

3,447

3,916

4,433

Real GDP 1/

2.4

2.5

3.3

2.7

3.0

Contributions to real GDP growth

         

Domestic demand

7.1

7.1

5.4

4.6

4.9

Net exports

-4.6

-4.7

-2.2

-1.9

-1.9

GDP deflator

17.1

22.0

11.9

10.6

9.9

Consumer prices (period average)

13.9

14.4

11.0

9.2

5.9

Nominal monthly wages (average)

23.3

37.1

23.0

17.2

11.0

Unemployment rate (ILO definition; percent)

9.3

9.5

9.2

8.6

8.0

Public finance (percent of GDP)

         

General government balance 2/

-2.2

-2.2

-2.5

-2.3

-2.3

Public and publicly guaranteed debt

81.2

71.9

65.2

64.3

59.8

Money and credit (end of period, percent change)

     

Broad money

10.9

9.6

9.8

8.7

13.8

Credit to nongovernment

-1.1

2.1

8.4

3.2

11.2

Interbank o/n rate (annual average, percent)

16.9

11.9

16.6

Balance of payments (percent of GDP)

         

Current account balance

-1.5

-2.2

-3.3

-2.9

-2.2

Foreign direct investment

3.5

2.3

1.7

1.6

1.7

Total external debt

122.5

104.1

95.5

92.3

86.7

Gross reserves (end of period, billions of US$)

15.8

18.8

18.8

19.5

20.9

Months of next year’s imports of goods and services

3.0

3.3

3.2

3.1

3.2

Percent of IMF composite metric (float)

55.5

65.0

66.3

66.5

69.6

Exchange Rate

         

Hryvnia per U.S. dollar (end of period)

27.2

28.1

Real effective rate (deflator-based, percent change)

0.5

11.6

Sources: Ukrainian authorities and IMF staff estimates.

1/ Data based on SNA 2008, exclude Crimea and Sevastopol.

2/ The general government includes the central and local governments and the social funds. 

 

 -----

Earlier: 

 NORD STREAM 2: GERMANY IS COMMITTED
2018, November, 30, 12:05:00

NORD STREAM 2: GERMANY IS COMMITTED

REUTERS - Germany is still committed to the NordStream 2 pipeline, which will allow Russia to bypass Ukraine in transporting gas to Europe, despite escalating tension in the region, a government spokesman in Berlin said on Wednesday.

 

 UKRAINE'S WEAK INSURANCE
2018, November, 9, 15:10:00

UKRAINE'S WEAK INSURANCE

PLATTS - Ukraine is looking at different ways to use its vast gas transit network should Kiev fail to agree a new transit deal with Russia's Gazprom once their existing contract expires at the end of 2019, a senior Ukrainian politician said.

 

 UKRAINE'S GAS PRICE: +23%
2018, November, 7, 10:55:00

UKRAINE'S GAS PRICE: +23%

INTERFAX-UKRAINE - The final price of gas for households (taking into account transportation, distribution costs and VAT) will be UAH 8,548.92 per 1,000 cubic meters (a rise of 22.9% on the price that is in effect since April 1, 2017), and for municipal heat supply enterprises – UAH 8,361.85 per 1,000 cubic meters (a rise of 22.8%).

 

 IMF HAS UKRAINE FOR $3.9 BLN
2018, October, 22, 11:50:00

IMF HAS UKRAINE FOR $3.9 BLN

IMF - 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.

 

 UKRAINE'S GAS PRICES UP 23.5%
2018, October, 22, 11:45:00

UKRAINE'S GAS PRICES UP 23.5%

CNBC - Ukraine announced on Friday it would raise household gas prices by nearly a quarter as Prime Minister Volodymyr Groysman warned that the country risked default if it crashed out of its International Monetary Fund aid program.

 

 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.

 

 

Tags: IMF, UKRAINE

Chronicle:

IMF, UKRAINE ARRANGEMENT: $3.9 BLN
2019, February, 15, 12:20:00

GREEN ENERGY CONGRESS JUNE 2019

GREENENERGY - We take an immense pleasure to extend our warm welcome to invite all the participants from all over the world to attend 7th World Congress and Expo on Green Energy during June 24-25, 2019 Barcelona, Spain

IMF, UKRAINE ARRANGEMENT: $3.9 BLN
2019, February, 15, 12:15:00

СЕВЕРНЫЙ ПОТОК 2 БУДЕТ РЕАЛИЗОВАН

МИНЭНЕРГО РОССИИ - «Мы считаем, что проект газопровода – коммерческий, и в нем заинтересованы европейские компании. Из-за того, что потребление газа в Европе будет расти, а собственная добыча – падать, Европа будет нуждаться в дополнительных объемах импорта. Наша конкурентоспособность подтверждена годами. Уверен, что проект будет реализован, он станет одним из основных инфраструктурных проектов на десятилетия вперед»,

IMF, UKRAINE ARRANGEMENT: $3.9 BLN
2019, February, 15, 12:10:00

СЕВЕРНЫЙ ПОТОК 2 ВОВРЕМЯ

ГАЗПРОМ - Отдельное внимание на встрече было уделено ходу реализации проекта «Северный поток — 2». Отмечено, что укладка газопровода в Балтийском море идет по графику.

IMF, UKRAINE ARRANGEMENT: $3.9 BLN
2019, February, 15, 12:05:00

NORD STREAM 2 DEAL

REUTERS - Russia's planned Nord Stream 2 gas pipeline direct to Germany is set to face EU market rules after negotiators agreed informally to change the EU's gas directive to apply to offshore gas links, the European Commission said late Tuesday.

All Publications »