The national Bank of Ukraine has changed the forecast of receipts of the next tranche of the International monetary Fund. About it said acting head of the National Bank of Ukraine (NBU) Yakov Smoliy.
“(The forecast of IMF has changed – Ed.) due to the fact that delayed consideration of the bills that have been key in the adoption by the Board of Directors of the IMF decision on the allocation of the next tranche. Sessional activity of MPs will begin in the fall. Therefore, we expect that one tranche will be transferred to the next year”, – explained resin.
Earlier, the NBU had expected about the EFF program, Ukraine in 2017 to learn from the Fund of 4.5 billion US dollars.
“We changed the forecast for revenues of the international funding from the IMF this year to 3 billion (dollars – Ed.)”, – said resin.
At the same time, the national Bank expects that the cooperation between Ukraine and the IMF will continue Kiev will receive all funding scheduled in the program of the Fund for this year and next year.
The NBU has also estimated that Ukraine thanks to the IMF could reach $ 20 billion foreign exchange reserves by year-end.
We will remind, the national Bank of Ukraine has made decision to leave discount rate at 12.5%. In addition, the NBU changed the Outlook on growth of Ukraine’s GDP in 2017.
The Minister of Finance of Ukraine Alexander danyluk said earlier that he expects that the IMF will decide on granting Ukraine the next tranche under the EFF program in autumn.
However, the Agency Bloomderg wrote that Ukraine may not receive the next tranche of the IMF right up to the end of this year due to the fact that ukraisnkaya party fails to accept the reforms demanded by the Fund.
The Prime Minister Volodymyr Groysman in an interview with the Agency noted that the adoption of pension reform is on schedule. However, the steps to create an anti-corruption court to undertake, but a bill on land reform in a timely manner will not be accepted.
As reported, the head of the International monetary Fund (IMF) Christine Lagarde thanked the President of Ukraine Petro Poroshenko for the progress made to date in the framework of eff EFF.
We will remind, the IMF mission on the results of work in Kiev reported the need for technical revision of the draft laws and their parliamentary support, concerning pension and land reforms, reviving the privatization and to ensure concrete results of anti-corruption efforts.
On 3 April, the IMF approved the allocation of Ukraine the fourth tranche of the extended Fund in the amount of $ 1 billion. Money started to arrive at the NBU on 5 April.
The entire program provided Ukraine with about $ 17 billion, of which Kiev has already received 8.7 billion dollars.
According to calculations of the international rating Agency S&P, the next tranche of the IMF, as well as the related funding from external donors is likely to come to Ukraine in the second half of 2017 – provided that Ukraine makes progress in carrying out key land and pension reforms.
