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The EBRD (European Bank for Reconstruction and Development) has improved its growth forecast for Ukrainian GDP, and the IMF may give the first tranche to the country before the end of the year.

  • The EBRD European Bank for Reconstruction and Development has improved its growth forecast for Ukrainian GDP and the IMF may give the first tranche to the country before the end of the year

Kyiv: The European Bank for Reconstruction and Development improved its initial forecast for Ukraine’s GDP growth in 2018 from 3% to 3.5%.

This was stated on Thursday, November 1, in the news chronicle on the portal of the EBRD (European Bank for Reconstruction and Development).

According to the report, the prospects for the Ukrainian economy have improved due to the resumption of cooperation with the International Monetary Fund.

"The implementation of the new stand-by agreement with the IMF will help to meet the needs of Ukraine in external financing in the near future and maintain macroeconomic stability during the electoral cycle in 2019," the report stated.

At the same time, in 2019, the EBRD (European Bank for Reconstruction and Development), as initially predicted the growth of the Ukrainian economy at the level of 3%.

Earlier in the National Bank, it was reported that the IMF can give the first tranche before the end of the year. This was said by the chairman of NBU Jacob Smoliy, on october 25  in an interview with reporters, but today, on Thursday, November 1st, his first Deputy, Catherine Rozhkov at the briefing said that the amount of the first tranche under the new program of cooperation with the International Monetary Fund could worth $ 1, 5-1.9 billion.

She recalled that the main condition for obtaining these funds is Ukraine’s adoption of the budget for 2019.

“There are a few more questions for the National Bank - making changes to certain regulatory documents, which we are already working on and will take them within two weeks. Therefore, if our parliamentarians are ready to vote in time for the budget and budget figures remain within the control parameters, we will have time to receive the IMF tranche this year, ”Rozhkova added.


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