It is expected that in 2020 the growth of gross domestic product will be 3%.
The slowdown in economic growth is associated with domestic political uncertainty caused by double elections. Because of this, a temporary growth slowdown to 2.5% is expected in 2019.
After the elections, implementation of reforms in combination with easing monetary policy will help to achieve stable growth. In this case, the growth of the economy will reach 3%.
However, in the years 2019-2020 large payments on external debt are expected. In this regard, cooperation with official creditors remains vital for the continuation of economic recovery.
“European Bank of Reconstruction and Development (EBRD) and International Financial Corporation (IFC) believe that the current system is no longer suitable for the long-run development of the sector, though it was useful for its launch. As the result, EBRD will not be able to finance new projects in Ukraine, depending on the “green tariff”, with exception of those already in the stage of development, unless the law will be adopted to guarantee the long term of the sector’s economic stability to facilitate the necessary comfort for investors and sponsors,” reads the message.