IMF

Supporting Ukraine now outweighs fallout if Russia wins

It is more cost-effective for Kyiv's allies to provide funding to Ukraine now and prevent it from losing the war than to invest in their own additional defense and deal with refugees if Russia succeeds, IMF permanent representative in Ukraine Priscilla Toffano said, the Interfax-Ukraine news agency reported on Nov. 22.

22 November 2024, 01:33 PM

IMF confirms Ukraine’s 2024 GDP growth, adjusts forecast for next year

The International Monetary Fund (IMF) expects Ukraine's GDP to grow by 4% in 2024, followed by a slowdown to 2.5-3.5% next year, according to its report on the results of the sixth review of the Extended Fund Facility (EFF) program released on Nov. 19.

20 November 2024, 02:30 PM

Ukraine completes conditions for IMF EFF program: $1.1-bln tranche expected

Ukraine met the IMF's Extended Fund Facility (EFF) program's structural benchmarks and all quantitative performance criteria necessary for the sixth review, Vladyslav Rashkovan, IMF Executive Director’s Alternate for Ukraine said, Interfax reported.

13 November 2024, 11:06 AM

IMF warns Ukraine’s profit tax on banks risks financial stability

A 50% corporate profit tax on bank profits for the second year in a row contradicts the nature of a windfall profits tax, Trevor Lessard, the International Monetary Fund’s (IMF) Deputy Division Chief for Ukraine, said in an interview with Interfax-Ukraine in Washington published on Nov. 4.

4 November 2024, 09:27 AM

Ukraine receives additional $1.1 billion tranche from IMF

Ukraine's state budget received a $1.1 billion tranche from the International Monetary Fund (IMF) following the successful fifth review of the Extended Fund Facility (EFF) program, Finance Ministry wrote on Oct. 23.

23 October 2024, 02:31 PM

IMF drastically lowers Ukraine’s current account deficit forecast

The International Monetary Fund (IMF) expects Ukraine's current account deficit to increase from 5.4% of GDP in 2023 to 8.1% in 2024 and 14.3% in 2025, Interfax-Ukraine reported on Oct. 23.

23 October 2024, 10:15 AM

IMF outlines $32B in additional financing for Ukraine, anticipates war's end by late 2025

The International Monetary Fund’s (IMF) baseline scenario assumes an end to the war in Ukraine in late 2025, according to its fifth review of the Extended Fund Facility program, released on Oct. 18.

22 October 2024, 09:33 AM

No energy tariff hike planned — Finance Ministry

The updated memorandum from the International Monetary Fund (IMF) following the fifth review of the Extended Fund Facility (EFF) program does not require Ukraine to increase energy tariffs, Finance Ministry said in a statement on Oct. 21.

21 October 2024, 11:52 PM

Ukraine to receive four IMF tranches in 2025 instead of two

Ukraine will receive more than $2.6 billion in four tranches from the International Monetary Fund (IMF) next year, according to the IMF's updated Memorandum of Economic and Financial Policies with Ukraine as part of the fifth review of the loan program published on Oct. 18.

21 October 2024, 10:35 AM

IMF approves new tranche of $1.1 billion for Ukraine

The International Monetary Fund (IMF) approved the fifth review of its four-year Extended Fund Facility (EFF) program for Ukraine on Oct.18, allowing the country to receive a new tranche of $1.1 billion, Deutsche Welle reported.

19 October 2024, 04:55 PM

IMF halts planned mission to Russia after facing backlash, citing 'technical reasons'

The International Monetary Fund (IMF) has delayed its planned mission to Russia indefinitely due to "technical reasons", Aleksei Mozhin, Russia's Executive Director at the IMF, Russian media and Liga.net reported on Sept. 18.

18 September 2024, 12:49 PM

IMF faces backlash from EU nations over move to reengage with Russia amid ongoing war

Several European Union countries are planning to challenge the International Monetary Fund’s decision to restore economic cooperation with Moscow in the wake of Russia’s invasion of Ukraine, Bloomberg reported on Sep. 12.

13 September 2024, 03:21 PM

Kyiv urges IMF to halt consultations with Russia amid mission plans

The Ukrainian National Bank (NBU) Chairman Andriy Pyshnyi and Finance Minister Serhiy Marchenko have called on the International Monetary Fund (IMF) to halt plans to send a mission to Russia for consultations.

12 September 2024, 10:09 AM

IMF forecasts Ukraine’s economy to grow 3% in 2024 with inflation rising to 9%

The Ukrainian economy is expected to grow by 3% in 2024, with inflation accelerating to 9%, according to the IMF's forecast, revised from earlier estimates of 2.5%-3.5% GDP growth and 8% inflation, the NBU reported on Sept. 11.

11 September 2024, 10:55 AM

Ukraine's international reserves surge by over $5 billion, reaching new heights — NBU

Ukraine's international reserves have risen by 13.7%, or $5.1 billion, reaching $42.33 billion as of August, Ukraine's National Bank (NBU) wrote in its official statement on Sept. 6.

9 September 2024, 10:55 AM

‘Absurd’ for IMF to resume operations in Russia, Ukraine says

IMF’s plans to reopen its mission in Russia are “absurd” and would “legitimize the Russian regime,” Ukraine’s Foreign Ministry said in a statement on Sept. 5.

5 September 2024, 11:22 PM

Ukraine’s debt shrinks by $9 billion after restructuring

Ukraine has completed debt restructuring and settled payments for 13 issues of government and state-guaranteed Eurobonds, the Finance Ministry announced on Sept. 4.

4 September 2024, 08:35 PM

Over $1 billion at stake: IMF begins discussions on next tranche for Ukraine

On Sept. 4, the IMF mission led by Gavin Gray began discussions with Ukrainian authorities in Kyiv as part of the fifth review of the Extended Fund Facility (EFF) program.

4 September 2024, 02:04 PM

IMF Ukraine mission begins EFF program review

The International Monetary Fund (IMF) mission in Kyiv has started the fifth review of the Extended Fund Facility (EFF) program, which could allow Ukraine to secure $1.1 billion in loans this year, Ukrainian PM Denys Shmyhal announced on Sept. 2.

2 September 2024, 10:11 PM

IMF delegation to visit Ukraine next week

An IMF delegation will visit Ukraine to review the country’s budgetary planning and determine whether to allocate an additional $1.1 billion under Extended Fund Facility (EFF) program, Bloomberg reported on Aug. 28.

29 August 2024, 02:08 AM

IMF

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