NBU will revise macroeconomic forecasts in connection with the blockade of ORDLO and the deferral of the IMF tranche

19 March 2017, 21:01 | Economy
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In connection with the loss of control over Ukrainian enterprises in the occupied regions of Donetsk and Lugansk regions and the blockade of the National Bank of Ukraine, the National Bank of Ukraine will make a new macroeconomic forecast and will present its results to the International Monetary Fund.

"Ukraine participates in the program of cooperation with the International Monetary Fund. The development of events in the country requires additional study of their potential impact on the economy and its inclusion in macroeconomic forecasts of the program of cooperation with the Fund, "said in a press release issued by the National Bank of Ukraine (NBU), released on Sunday, March 19..

The National Bank announced plans to hold an extraordinary meeting of the regulator's monetary policy committee on March 20.

"Updated macro forecasts will be provided by the IMF. Dialogue and technical consultations with the IMF continue, "the National Bank.

Recall, on March 19, the IMF Board of Directors postponed the scheduled for March 20 consideration of the issue of the completion of the third revision of the extended financing program for Ukraine. In the IMF, such a decision was explained by the need to clarify the calculations regarding the economic consequences of measures taken by Ukraine in response to the blockade and the seizure of Ukrainian enterprises on the uncontrolled territories of the Donetsk and Lugansk regions, as well as the recognition by the Russian side of the "documents" issued in these territories.



Earlier it was reported that on March 4, the IMF agreed on the allocation of a new tranche in the amount of one billion dollars.

In September 2016, the IMF allocated a third tranche to Ukraine - one billion dollars. According to the adjusted financing schedule, further allocation of funds is planned quarterly on the basis of the IMF.

In 2015, Ukraine received only two tranches - $ 5 billion in March and $ 1.7 billion in August 2015. After that there was a pause due to the failure of a number of conditions, a political crisis and a change of government.




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