The increase in inflationary pressure is due to the need to cover budgetary needs in March-May through income from the National Bank.
The World Bank lowered the inflation forecast in Ukraine to 20% by the end of 2022, while the forecast in April called for 15%. This was stated by Arup Banerjee, WB Regional Director for Eastern European Affairs, Interfax-Ukraine reports on Wednesday, June 8th.
According to him, the rise of inflationary pressure is due to the need to meet budgetary needs in March-May by monetizing the National Bank.
“International partners have recognized the financial problems and have allocated approximately $ 20 billion to finance aid to Ukraine. Despite these significant promises, the timing of their payments will continue to be critical to meet current trends. Ukraine’s needs, ”Banerjee said.
Also, the representative of the World Bank confirmed the forecast about the collapse of the Ukrainian economy by 44% this year due to the war with Russia.
Earlier, the NBU called the reasons for the acceleration of inflation. Growth of consumer prices in Ukraine reached 17% in annual terms after 16.4% in April.
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Source: korrespondent
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