The IMF again turned on the issue of Ukraine in the agenda

Ukrainian question is not in the schedule of the Board of Directors of the International monetary Fund (IMF). Note that the schedule is known until the end of March 2017.

Ukraine expects the decision of the Board of Directors of the IMF, which should unblock the access to Kiev of the credit tranche in the amount of 1 billion U.S. dollars. Earlier, the IMF and Ukraine signed a Memorandum, which, according to the rules of the Fund, is not subject to disclosure prior to the holding of the meeting of the Board of Directors of the IMF.

According to the agenda, the IMF Board of Directors will gather for sessions 22, 24, 29 and 31 March.

Since March 22 is expected to consider the issue for Saint Lucia, March 24 – in Nauru, Israel and the Dominican Republic.

On March 29, planned consideration of Nigeria and the Netherlands.

On 31 March, the IMF Board of Directors involves consideration of the discussion of the theme “the West African economic and monetary Union-2017. Regional discussions on common policies of member countries”.

We will remind, on March 21 , the NBU has lowered economic forecasts due to the blockade in the Donbass. In particular, the national Bank worsened the GDP growth forecast for 2017. “However, the impact of the blockade on the exchange rate of the hryvnia will be limited. The deterioration in the balance of payments in the first place will be displayed on the net purchase of currency in the market to replenish the reserves,” – said the NBU.

As you know, 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. Prime Minister Volodymyr Groysman noted that the transfer caused by the change of the economic situation in the country due to the blockade on Donbass and became a new challenge for the government.

To resume the national Bank of Ukraine (NBU) and the Ministry of Finance had to update forecasts with regard to the effect of the trade embargo.

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.