The President of Ukraine Petro Poroshenko will hold talks today with Prime Minister Volodymyr Groysman, head of the NBU Valeria Gontareva and Minister of Finance Alexander Danyluk in connection with the situation around the allocation of International monetary Fund (IMF) next tranche to Ukraine.
“Today we have held intensive negotiations the Minister of Finance, NBU, Prime Minister and I will participate in it, to fix the results that emerged due to the irresponsible behavior of Ukrainian politicians”, – he said during the fifth meeting of the regional development Council on Monday in Kiev.
“Once again I emphasize: the reason for the deferral was the consequences of the blockade. I emphasize that we all need to unite in order to soon to get the tranche,” – said Poroshenko.
We will remind, inyesterday the issue of Ukraine, appointed Russ tothe discretion of March 20, disappeared from the agenda of the meetings of the Board of Directors of the IMF. Now the agenda is painted to 24 March and Ukraine in it.
The Minister of Finance of Ukraine Alexander danyluk explained it by technical reasons. “The postponement was due solely to the need to clarify calculations of the economic consequences of the measures taken by Ukraine in response to the blockade, the seizure of Ukrainian enterprises in uncontrolled territories, and also in connection with the recognition by the Russian side of the documents issued in these areas”, — said danyluk. According to him, the consultations with the IMF will be completed in a short time.
Prime Minister Volodymyr Groysman noted that the transfer-induced change of the economic situation in the country due to the blockade on Donbass and became a new challenge for the government. Today, the national Bank of Ukraine (NBU) gathers an extraordinary meeting of the monetary policy Committee to update the forecasts with regard to the effect of the trade embargo. The decision of the IMF, the NBU reserved comment on: “Ukraine is in the cooperation program with the IMF. … Recent course of events requires further study of their potential impact on the economy and incorporating them into macroeconomic projections of the programme of cooperation with the Fund”.
As reported, last week Ukraine agreed on the final version of the Memorandum of cooperation with the IMF. As a result, the government expects to receive next loan tranche of one billion dollars. Earlier danyluk explained that the government will publish the text of the updated Memorandum of cooperation after the text manifests the Foundation itself. Groisman, in turn, claimed that surprises the document will not.
Ukraine and the IMF in March 2015 signed a Memorandum of economic and financial policies which the country should undertake in the framework of the extended Fund (EFF). The entire program provided Ukraine with about $ 17 billion of which have already been allocated 7,7 billion dollars. So, in September 2016 after a delay of a year, the IMF approved the granting Ukraine the third tranche in the amount of one billion dollars.
