The International Monetary Fund has approved the National Bank of Ukraine's updated macroeconomic forecasts.
Serhii Nikolaichuk, the director of the National Bank of Ukraine's department of monetary policy and economic analysis, announced this on Radio Vesti, Ukrainian News Agency reports.
"We provided our economic assessments regarding the blockade of Donbas to the IMF and discussed these figures with the fund's experts. They agreed with our assessments and took this as a basis," he said.
Nikolaichuk noted that the IMF loan program is based on macroeconomic forecasts, but the three reviews of the program did not take account of the effects of the blockade of Donbas.
In connection with the blockade, the IMF asked for updated macroeconomic forecasts and postponed consideration of the next loan tranche for Ukraine.
As Ukrainian News Agency earlier reported, the executive board of the International Monetary Fund has postponed consideration of the third review of its Extended Fund Facility loan program for Ukraine and disbursement of the latest loan tranche of USD 1 billion that was scheduled for March 20.
The IMF requested a review of the country's economic development indicators because of the blockade of Donbas.
According to Ukrainian News' sources, Ukraine and the IMF are also discussing the need to unblock the operations of Sberbank's branches.
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