Ukraine again is not in the schedule of the Board of Directors of the IMF

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 7 April 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 meetings on 29 and 31 March and 3, 4 and 7 April. On March 29, will hold consultations with the authorities of Nigeria and the Netherlands. At the beginning of April to discuss cooperation with representatives of San Marino and Benin.

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.