IMF to appoint new date of the meeting on Ukraine

The international monetary Fund (IMF) expects to announce the new date of the meeting of the Board of Directors on the issue of the completion of the third review of the extended Fund (EFF) for Ukraine in the near future. This was stated by the official representative of the Fund Jerry rice.

“The Board of Directors meeting was deferred in order to assess the impact of various recent events on the programme of cooperation. There is nothing unusual. We expect that the new meeting date will be appointed in the near future”, – he said during the traditional briefing in Washington.

The representative of the Foundation did not elaborate on what the event is about.

“I have no data to add more than what I said. I have no details,” answered rice’s question about the existence of the relationship between the postponement of the date of the meeting and trade blockade of certain regions of Donetsk and Lugansk regions.

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 31 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.