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Cooperation with IMF will encourage acceleration of economic growth in Ukraine
21:13, 8 September 2016
Cooperation with IMF will encourage acceleration of economic growth in Ukraine

National Bank welcomes issue of Ukraine's cooperation with IMF on September 14

21:13, 8 September 2016

Open source

The resumption of cooperation between Ukraine and the International Monetary Fund will encourage the acceleration of economic growth in the country. The Deputy Chairman of the National Bank of Ukraine Dmitry Sologub stated this, reports the press service of the NBU.

"Continuing cooperation with the IMF is not the only source of growth in international reserves of the country, but above all it will be a guarantee of reform, without which the Ukrainian economy will not be able to take the path of return to sustainable economic growth", says Sologub.

Related: Poroshenko: IMF to decide on allocation of financial assistance for Ukraine in near future

According to the Deputy Chairman of the NBU, the department has done everything to bring the successful completion of the second review of the IMF's Extended Fund Facility program.

"If the Board of Directors of the IMF's approves the second review of the program, it will open access to financing from other international donors and private, foreign and domestic investors. Proceeding of the funding will have a positive impact and stimulate faster economic growth. At the same time, a positive decision of the fund will eliminate the psychological pressure on the foreign exchange market and support the trend towards a decrease in the volatility of the hryvnia, the first signs of which are observed in the last few days", reads the report.

The International Monetary Fund will consider the allocation of tranche to Ukraine on September 14.

Related: Klimkin to visit Germany today

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