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Financial Times: Ukraine plans to sell fresh dollar-denominated debt

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Ukraine has mandated banks for its first long-dated international bond issue since last year’s stand-off with the International Monetary Fund, which halted a $17.5 billion bail-out package. Read more here. The post Financial Times: Ukraine plans to sell fresh dollar-denominated debt appeared firs...

Parubiy supports government’s ‘inevitable’ decision to raise gas prices to ensure support by IMF

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Verkhovna Rada’s speaker Andriy Parubiy has supported the “inevitable” decision by the Cabinet of Ministers led by Volodymyr Groysman to raise natural gas rates because this is a prerequisite for the support by the International Monetary Fund, which Ukraine desperately needs in ...

Finance Ministry: IMF stand-by arrangement will ensure stability in politically heavy 2019

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A new 14-month stand-by arrangement for $3.9 billion, which Ukraine agreed with the International Monetary Fund (IMF), lays the foundation for cooperation for the period beyond the presidential and parliamentary elections in 2019 and will help Ukraine further implement its fiscal and monetary pol...

RFE/RL: Ukraine, IMF reach deal on new $4 billion loan

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The International Monetary Fund said it had reached a new agreement with Ukraine, paving the way for a fresh $4 billion loan. Read more here. The post RFE/RL: Ukraine, IMF reach deal on new $4 billion loan appeared first on KyivPost.

Reuters: Ukraine bonds rise after government says to meet IMF gas hike demand

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LONDON – Ukraine’s eurobonds rose across the curve on Oct. 19 after the country’s prime minister said domestic gas prices would be hiked 23.5 percent from next month, meeting a key demand for a new tranche of International Monetary Fund aid. Read more here. The post Reuters: Ukraine bonds r...

Reuters: Ukraine secures new $3.9 billion IMF deal after gas price hike

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Ukraine secured a new $3.9 billion stand-by aid agreement with the International Monetary Fund on Oct. 19, helping the country maintain financial stability and the trust of investors as it heads into a choppy election period next year. Read more here. The post Reuters: Ukraine secures new $3.9 bi...

Ukraine, IMF reach agreement on new stand-by arrangement for $3.9 billion

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The International Monetary Fund (IMF) staff and the Ukrainian authorities have reached agreement on economic policies for a new 14-month Stand-By Arrangement (SBA), which will replace the arrangement under the Extended Fund Facility (EFF), approved in March 2015 and set to expire in March 2020. &...

Cabinet to raise gas prices for population by 23.5 percent from November

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Ukrainians will have to pay a 23.5 percent more for gas from Nov. 1, Ukrainian Prime Minister Volodymyr Groysman said during a government meeting on Oct. 19. The decision had to be taken to fulfil one of the key demands of the International Monetary Fund, so that Ukraine can be given the next tra...

Naftogaz waiting for government’s agreement with IMF to issue eurobonds

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National Joint-Stock Company Naftogaz Ukrainy retail plans to enter the foreign loan market with eurobonds in 2018, hoping that the Ukrainian government would soon achieve an agreement with the International Monetary Fund (IMF) on resumption of financing, Naftogaz Board Chairman Andriy Kobolev ha...

Reuters: Ukraine tells IMF it can balance books after tax tweak

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Ukraine is trying to reassure the International Monetary Fund that it can keep its budget deficit in check despite planning a change to how companies are taxed that may cause a $1.5 billion revenue shortfall, the head of a parliament tax committee said. Read more here. The post Reuters: Ukraine t...

Bne IntelliNews: IMF ranks Ukraine as Europe’s poorest country

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Ukraine’s gross domestic product (GDP) per capita in current prices in US dollar terms stood at $2,964.193 in 2018, according to October’s update of the World Economic Outlook published by the International Monetary Fund (IMF). That makes Ukraine the poorest country in Europe, behind ...

Associated Press: IMF pledges to guard growth, financial stability

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The International Monetary Fund has wrapped up its annual meeting pledging to act to protect world growth and financial stability from risks linked to trade and geopolitical tensions. Read more here. The post Associated Press: IMF pledges to guard growth, financial stability appeared first on Kyi...

UkrInform: IMF improves forecast for Ukraine’s GDP growth

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The International Monetary Fund (IMF) has said that Ukraine’s real GDP growth is expected to be at 3.5 percent in 2018, which is several points higher than the Fund’s previous forecast released in April. Read more here. The post UkrInform: IMF improves forecast for Ukraine’s GDP growth appeared ...

PrivatBank’s Engin Akcakoca: conditions not yet ripe for lending

KyivPost

For most Ukrainians, economic life is still hard. But for Engin Akcakoca, head of PrivatBank’s supervisory board and a longtime agitator for reform of Ukraine’s financial sector, there’s a clear solution to improve prosperity. “This government’s adherence to fiscal discipline, which will be suppo...

NBU in ‘normal’ talks with IMF, expects agreement soon

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The negotiations between Ukraine and the International Monetary Fund (IMF) regarding the continuation of cooperation are proceeding apace, First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has said. “The negotiations are taking place in the manner in which they s...

Social policy minister not ruling out refusal to raise gas price with lack of agreement with IMF

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Social Policy Minister of Ukraine Andriy Reva does not rule out that the Cabinet of Ministers of Ukraine would refuse increasing the price of gas for households from October 1, 2018 with a lack of agreement with the International Monetary Fund (IMF). “The public service obligations (PSO) re...

UNIAN: NBU Governor – Talks with IMF continue

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Governor of the National Bank of Ukraine (NBU) Yakiv Smolii says Ukraine continues talks with the International Monetary Fund (IMF) on the results of an IMF mission’s working visit to Kyiv on September 6-19. Read more here. The post UNIAN: NBU Governor – Talks with IMF continue appear...

Ukraine central bank waiting for decision on gas tariffs, certain budget issues to secure to IMF ...

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The National Bank of Ukraine (NBU) is optimistic about further cooperation with the International Monetary Fund (IMF), Governor of the National Bank of Ukraine Yakiv Smolii said at a meeting with bankers on Sept. 25, commenting on the results of an IMF mission’s work in Kyiv. “The tal...

112.ua: Ukraine’s GDP per capita to grow 1.5 times in five years according to IMF

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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 standa...

UkrInform: IMF considers talks with Ukrainian authorities constructive

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A mission of the International Monetary Fund (IMF) has held constructive talks with the Ukrainian authorities and is ready to continue discussing possible financial assistance to the country. IMF’s Resident Representative in Ukraine Goesta Ljungman said this on the results of the mission’s work. ...

Reuters: IMF leaves Ukraine without announcing aid deal, c.bank sees accord soon

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ODESSA, Ukraine – An IMF mission has left Ukraine without announcing a deal on new aid but a top central bank official said on Sept. 20 he expected an agreement “in the near future” that would help preserve financial stability during 2019, an election year. Read more here. The post Reuters:...

Talks between Ukraine and IMF on further cooperation continuing

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The International Monetary Fund (IMF) and the Ukrainian authorities are still negotiating further cooperation, Director of the IMF Communications Department Gerry Rice has said. “The IMF mission has visited Kyiv and discussed with the Ukrainian authorities our further support for macroecono...

Ukraine and IMF fail to reach agreement on financing

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The Ukrainian government and the International Monetary Fund mission have not come to an agreement to disburse another tranche of aid to the country, the Ukrainski Novyny news agency reported on Sept. 20 The IMF now will not restart financing until the Verkhovna Rada passes the 2019 state budget,...

Ukraine and IMF reach agreement on gradual gas price increases

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The Ukrainian government has come to a preliminary agreement with the International Monetary Fund to gradually raise gas prices to market levels by 2020, the head of the country’s state gas company said on Sept. 18. Andriy Kobolev, CEO of state gas company Naftogaz, told the European Business Ass...

UNIAN: Naftogaz CEO says Ukraine’s government, IMF agree on gas price hikes for households

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The government of Ukraine has reached an agreement in principle at talks with the International Monetary Fund (IMF) on a gradual increase in prices of natural gas for households to the level of import parity by April 2020. “There is an agreement on a gradual increase in the price to bring t...