Ukraine's cooperation with IMF improves economic prospects, - EBRD

Source : 112 Ukraine

The forecast for the GDP growth in 2019 is set up at the level of 3,0% by the EBRD
16:17, 1 November 2018

112 Agency

The prospects of the Ukrainian economy have improved as a result of the cooperation with the IMF as the European Bank for Reconstruction and Development (EBRD) stated in its report "Regional Economic Prospects".

According to the EBRD experts, the fulfillment of the new agreement stand-by will allow to provide Ukraine with the necessary external financing and keep the macroeconomic stability in 2019.

Related: Ukraine to be able to pay all debts if it develops strong economy, - MP

Besides, the report provides the forecast for the pace of the economic growth of Ukraine – 3,5% in 2018 and 3,0% in 2019. In 2017, this index was 2,5%.

It is noted that there is a significant risk for this forecast as the repayment of the substantial part of the currency public debt will take place in 2018-2019.

Related: How the level of Ukraine's shadow economy has changed over the past year

The general inflation, according to the EBRD, in the first nine months of 2018 made 11,4% under ambition level of 5%. Since June, the rate of the inflation reduced up to less than 10%.

Earlier, we reported that Poroshenko intends to sign a Code on bankruptcy proceedings within a fortnight.

Related: Simplified taxation – is it beneficial or detrimental to Ukraine's economy?

Besides, Ukraine has gone 5 positions up in the Doing Business rating and ranked 71st.

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