In Ukraine, started the technical mission of the IMF

In Ukraine began the work of the technical mission of the International monetary Fund (IMF). About it reports a press-service of the Ministry of Finance of Ukraine.

According to the report, the key issues on the agenda – assessment and recommendations of the Fund development concept of the State fiscal service of Ukraine (SFS), which has been developed by the Ministry together with the attorney.

“We are working together to launch medium-term reforms of the SFS, which is one of the key priorities of the Ministry of Finance and very important to improve the system of tax administration”, – stated in the message.

Recall, the 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.

On 21 March , 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.