Ukraine has entered into the criteria of the IMF to continue cooperation - the NBU

17 July 2017, 19:12 | Ukraine
photo Odessa Daily
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According to the National Bank, only the inflation rate in June 2017 at the level slightly exceeded the boundaries of the indicative goal.

As of June 30, Ukraine complied with the criteria and indicative indicators of the International Monetary Fund (IMF), which the Fund indicates in the cooperation program. This was reported by the press service of the National Bank of Ukraine (NBU).

So, according to the NBU, since the end of 2015 (the starting point for calculating the criteria), the cumulative increase in the net international reserves of the Ukarin has amounted to 3.791 billion US dollars - "despite the fact that the program has set a minimum growth of $ 3.251 billion,.

Also, the cumulative decrease in net domestic assets amounted to UAH 14 billion, while the program allowed an increase of up to UAH 12 billion.

According to the National Bank, only the inflation rate in June 2017 at the level of 15.6% slightly exceeded the boundaries of the indicative target - 12% plus or minus 3 percentage points under the influence of short-term shocks.

The report also noted that the National Bank intends to seek further changes in the monetary conditions of the EFF program so that they reflect progress in achieving the goals for inflation by the Ukarina.

In the future, the NBU will conduct a dialogue with the IMF on the exclusion of net domestic assets from the list of quantitative performance criteria.

The NBU also estimated that Ukraine thanks to the IMF can reach $ 20 billion gold reserve by the end of the year.

However, because of the delay in carrying out important for cooperation with the IMF reforms, Ukraine may receive less than one tranche of the Fund this year.

The National Bank also explained why the dollar was falling in Ukraine. In addition, the regulator disclosed details of the new law on currency.

Recall, the National Bank of Ukraine decided to leave the discount rate at 12.5%. In addition, the NBU changed the forecast for GDP growth in Ukraine in 2017.

Based on materials: segodnya.ua



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