IMF to conduct first review of program for Ukraine by late May
IMF (Photo:REUTERS/Johannes P. Christo)
The International Monetary Fund (IMF) plans to conduct the first review of the Extended Fund Facility (EFF) program for Ukraine in the second half of May, IMF Director of Strategic Communications Julie Kozack told the Ukrinform news agency on May 11.
According to Kozack, the work of the Fund’s representatives will focus on the fulfillment of Ukraine’s political commitments and conditions under the EFF program, in particular fiscal policy, public administration, and exchange rate policy.
“The revision will take into account the latest economic and financial developments, as well as updating the prospects and risks for the Ukrainian economy,” she said.
Kozack added that the IMF has a so-called “baseline scenario” for the development of events in Ukraine, as well as a negative one.
According to a May 4 report from the National Bank of Ukraine, inflation is projected to slow to 14.8% with GDP growth of 2% in 2023.
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