What exchange rate commitments did Ukraine make to the IMF: document published

02 April 2023, 19:00 | Finance and Banking 
фото с Зеркало недели

In the Memorandum with the IMF, the Ukrainian authorities undertook to move away from the emergency economic measures introduced since the beginning of the war and to prepare a strategy for the transition to a flexible exchange rate by the end of June 2023. This is stated in the published Memorandum signed by Ukraine with the IMF..

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In this regard, the authorities are committing to prepare a strategy (“structural beacon” end June 2023) that, in consultation with IMF staff, “will help establish and assess the prerequisites for such a move and take the policy steps necessary to support this transition”.

Also, the Ukrainian authorities in the Memorandum undertook not to use the hryvnia issue to finance the budget deficit in 2023..

In addition, Ukraine must harmonize tax legislation with the norms of the European Union..

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As the war continues and the economy adapts to changing conditions, the government's immediate goal is "

Recall that the signing of the Memorandum enabled the Executive Board of the International Monetary Fund on March 31 to approve a four-year financing program in the amount of $15.6 billion for Ukraine.. This is the largest loan in the organization's history..

Источник: Зеркало недели