Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldThe IMF will reduce...
October 14, 2024

The IMF will reduce its commissions, which will allow Ukraine to save hundreds of millions of dollars

By David
Facebook
Twitter
Pinterest
WhatsApp


    The International Monetary Fund (IMF) will reduce its fees that affect the cost of resources for countries that have financing programs from the IMF.

    .

    The cost of resources from the Fund depends on the dynamics of key rates of the world’s central banks. The IMF also adds its meetings, commissions and surcharges to the cost of resources from other central banks. It was them that he reduced.

    On average, commissions are reduced by 36%. This will reduce the IMF’s annual revenues by about $1.2 billion. At the same time, the number of countries that will be subject to an additional meeting in the 2026 financial year will be reduced from 20 to 13, the NBU reported.

    For Ukraine, annual costs for using IMF resources will decrease by $130 million. This will save the state $650-700 million over the next five years. Thus, costs for Ukraine are reduced by 38-39%, that is, more significantly than for other countries.

    Our total annual costs for using IMF resources will decrease by about $130 million. Taking into account future IMF tranches under the current program, the effect for the next five years is $650-700 million,” estimated Vladislav Rashkovan, executive director of Ukraine at the IMF.

    This will reduce Ukraine’s balance of payments deficit and reduce the dynamics of the decrease in gold and foreign exchange reserves because of this. Given the risk of such a move for the IMF, this is a significant achievement.

    Let us recall that Ukraine suffers from a severe balance of payments deficit due to a deficit in trade in goods and services. Arms exports can be one of those forces that will not only reduce the cost of factory production and attract foreign investment, but also reduce this gap due to increased exports of value-added products.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    Egor Kulutov spoke about Yana Glushchenko’s departure from the diesel show

    Apu was struck by the Russian scanander

    Dakota Johnson and Chris Martin broke up after an eight -year relationship

    Kharkov Bun: increased number of victims

    • Tags
    • International Monetary Fund

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    North Korea joined the war against Ukraine – Zelensky
    Next article
    MAMA Awards announces nominees for the 2024 edition; check it out!

    More from Author

    Lifestyle

    Egor Kulutov spoke about Yana Glushchenko’s departure from the diesel show

    Jack -
    World

    Apu was struck by the Russian scanander

    David -
    Lifestyle

    Dakota Johnson and Chris Martin broke up after an eight -year relationship

    Jack -
    World

    Kharkov Bun: increased number of victims

    David -

    - A word from our sponsors -

    Read Now

    Egor Kulutov spoke about Yana Glushchenko’s departure from the diesel show

    Apu was struck by the Russian scanander

    Dakota Johnson and Chris Martin broke up after an eight -year relationship

    Kharkov Bun: increased number of victims

    Eurovision-2026: Initial Dates of Austria Show

    The first teaser of Abbey Downton movie went out

    Actress Luselia Santush arrives at the Russian Federation

    Iceberg the size of khreshchatyk drifts to Ukrainian station in Antarctica

    The DPRK was promised by the “unclear” Poddjakke of Russia in the war against Ukraine

    Russian military criminal, secretary of the Russian Council Sergey Shayga, visited Phogyan, where he met with Kim Jong. He promised him that the DPRK would support Russia, in particular, in the war against Ukraine. The parties discussed a joint operation in the Kursk...

    Japanese scientists have developed plastic, which melts in the sea

    In Pryluky, RF Postal House -Topl in the leader of the leader

    In Pryluky, a hostile drone hit the house of the head of the local fire department. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } His family was killed: his wife,...

    Russians were pushed to Constant and could be shot by a garden from artillery

    The Russians have advanced towards Konstantinovka and are already shooting from artillery Ukrainian positions near the city. This is indicated in the report of the Institute of Military Research (ISW). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...
    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times