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Ukraine's GDP per capita to grow 1.5 times in five years according to IMF

At the same time, the IMF does not predict the dollar exchange rate compared to the hryvnia in 5 years
15:45, 23 September 2018

www.obozrevatel.com

In 5 years, GDP per capita in Ukraine will grow by 1.5 times, analysts of the International Monetary Fund calculated. The growth of GDP, according to analysts, is possible due to the reform of legislation, the judiciary and the land market, as well as by bringing the production to European standards.

According to the IMF, in 2023 the GDP will be $ 4,220 per capita. It is noted that in developed countries this figure averages $ 48,970, and in developing countries - $ 5,490.

Also in the IMF, GDP at purchasing power parity was calculated, taking into account the growth of the dollar rate and inflation. For Ukraine, it should increase by 2023 by 33% - from $ 9,210 to $ 12,260.

At the same time, the IMF does not predict the dollar exchange rate compared to the hryvnia in 5 years.

Now negotiations on further cooperation of Ukraine with the IMF continue. The Finance Ministry believes that the successful fourth revision of the IMF extended financing program and the receipt of the fifth tranche of $ 2 billion will open the way for attracting financing to the state budget on preferential terms, using the World Bank guarantee for $ 800 million, as well as obtaining macro-financial assistance from the EU worth 1 billion euros.

At this stage, there is already a basic agreement on a gradual increase in the price of gas to the level of imported parity until 2020.

The credit program for Ukraine in the amount of $ 17.01 billion was approved by the IMF in late April 2014, and in early May, the first tranche of the stand by loan of $ 3.19 billion was granted.

In March 2015, the Board of Directors of the International Monetary Fund approved the allocation of $ 17.5 billion to Ukraine for a 4-year EFF (Extended Fund Facility) program instead of the stand by program.

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