HomeEconomyThe head of the...

The head of the IMF praised Ukraine for important achievements

Photo: Getty Images

The inflation rate in Ukraine has been brought to single digits, which not all economies can achieve even in peacetime, noted Kristalina Georgieva.

The International Monetary Fund, in preparation for the second revision of the Extended Fund Facility (EFF), cited at least three important achievements of Ukraine related to economic stabilization. The managing director of the fund, Kristalina Georgieva, said this at a press conference in Marrakesh, the capital of Morocco, Ukrinform reported on Wednesday, October 12.

The first such success, according to him, is the continuation of economic growth in Ukraine.

“We are now forecasting growth at around 3%. We have had a range of 1% to 3%, and we are leaning towards the higher end of this range,” Georgieva said.

In addition, the inflation rate in Ukraine was brought to single digits, which not all economies can achieve even in peacetime. The head of the IMF recalled that the inflation rate in Ukraine was high and decreased due to “thoughtful policies.”

The third achievement is that Ukraine has built up a solid international reserve. This allowed the NBU to begin implementing measures for managed exchange rate flexibility.

Georgieva recalled the need for significant progress on the Ukrainian side in controlling spending. In particular, Ukraine has already adopted a law providing for the renewal of declarations.

The head of the Fund emphasized that the IMF is cooperating with the Ukrainian authorities “in all aspects” of the EFF extended financing program. And the fact that the Foundation’s office continued permanent work in Kyiv “allows us to communicate with the Ukrainian authorities every day.”

We remind you that the IMF recently improved its forecast for Ukraine’s GDP to 2% growth in 2023. At the same time, in April, the Fund expected the Ukrainian economy to shrink by 3%.

Also, the macro forecast for Ukraine provides for a reduction in inflation from 26.6% last year to 15.5% this year and up to 10% next, although by the end of September it had dropped to 7.1%.

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Russia will help you go to the depression of swamp bombing – Reuters

The country of the aggressor will not be able to quickly replace the strategic aircraft that were lost as a result of a wide security service for websites. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle...

Possible GTA 6 leakage reveals news in the gameplay

Some items and details about news from the new Grand Theft Auto VI game were possibly leaked on social networks; look!It will be? A new Reddit publication has created more speculation about what players can expect from 'Grand Theft Auto VI'. The game, officially postponed in early...

In Latka, the skeleton of the bend and posts (photographs) was struck

As a result of the Russian attack, the number of death in Latsk increased. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Rescuers owed the body of a 27-year-old dead...

The Russian Federation was elected in Magatta in the void, the busy Zaes will begin

The country aggressor announced the desire to restart the occupied Zaporizhjhya NPP. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The invaders have already contacted the IAEA so that the...

James Gunn confirms post-credit scene in ‘Superman’

With the next launch, the new creative director of the DC universe, James Gunn, confirms that 'Superman' will have scenes you creditsThe premiere of the new Steel Man movie is getting closer and closer and with it news is being released by the producers. 'Superman' will be...