“Ukraine had come close to the approval of the new cooperation program by the IMF Board of Directors. The renewed prediction of the NBU supposes the receiving of the first tranche of the financing in the sum of about $2 billion in the second quarter,” the message said.
It is noted that the tranche will allow to cover the shortfall of the state budget, which increased up to 7.5% from the GDP, will facilitate the period of peak debt ratios and will allow to finance measures on the support of business and population during quarantine.
“The financing from the IMF and other official international partners will help to support the international reserves of Ukraine at the level of $27-29 billion during this and the next years,” the message said.
Besides, the National Bank assured that the cooperation with the IMF is the main prerequisite for the conservation of macro-financial stability in Ukraine during the world crisis.
As we reported, the Ukrainian economy will reduce by 5.0% due to the coronavirus pandemic and global crisis.