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Economy 2020-05-15T05:53:35+03:00
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S&P: IMF Will Provide Ukraine With Another Tranche Not Earlier Than In Q1, 2018

S&P: IMF Will Provide Ukraine With Another Tranche Not Earlier Than In Q1, 2018

IMF, Ukraine, tranche, international monetary fund, 2018, q1, q1 2018

The Standard&Poor's international rating agency considers that the International Monetary Fund (IMF) will allocate the next tranche to Ukraine not earlier than in the first quarter of 2018.

The Agency has said this in a statement, Ukrainian News Agency reports.

According to S&P, implementation of reforms and meeting the requirements of the IMF's EFF (Extended Fund Facility) program are the conditions for restoration of Ukraine's economy.

As Ukrainian News Agency earlier reported, Standard&Poor's has revised upwards the outlook for gross domestic product growth for Ukraine for 2017 from 1.9% to 2.2% and from 2.8% to 2.9% for 2018.

S&P notes that volumes of export are being restored thanks to signing an agreement on free trade area with the European Union in January 2016.

The Agency considers implementation of reforms and meeting the requirements with the International Monetary Fund's (IMF) EFF (Extended Fund Facility) program to be the crucial condition for restoration of economy.

The Agency expects inflation of 14.3% in 2017, 8.7% in 2018, 8% in 2019 and 7.5% in 2020.

In December 2016, the Agency expected the GDP to be 2.3% higher in 2017, 2.5% higher in 2018 and 2.7% higher in 2019. 

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