Contents tagged with IMF decision
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The IMF did not approve the pension reform of the Cabinet of Ministers of Ukraine
The International Monetary Fund did not approve the pension reforms prepared by the Cabinet of Ministers, as reported by Ukrainski Novyny news outlet, citing a source in the government.
It was reported that the Fund has categorically opposed the abolition of the taxation of pensions for working pensioners and did not support the idea of reindexing pensions on an ongoing basis. In addition, the IMF categorically opposed the Ukrainian government's plans to reduce the index used in estimating the …
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Despite Russia's objections, the IMF will provide Ukraine with $1 billion
On Wednesday, the Board of Directors of the International Monetary Fund (IMF) issued a positive decision on the allocation of financial assistance to Ukraine. This was announced by Ukrainian President Petro Poroshenko.
“The IMF Board of Directors have just now adopted a positive decision to extend the program of cooperation with Ukraine and to allocate financial assistance,” Poroshenko posted on Twitter.
The press service of the Ukrainian President quoted Poroshenko as saying that this …
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Ukrainian Minister of Finance: Ukraine expects the third IMF tranche in August
The Minister of Finance does not see any reason to change the hryvnia exchange rate should the next tranche of the IMF loan be postponed.
In speaking with journalists at the 100 Days of Government: First Assessment and Future Expectations forum, the Minister of Finance of Ukraine, Oleksandr Danylyuk, stated that he expects the International Monetary Fund (IMF) to decide on the allocation of the third tranche in August, as reported by RBC-Ukraine.
"If the meeting is not held in July and it …
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IMF predicts Russia's economy will continue to shrink
The International Monetary Fund (IMF) has predicted that Russia’s economy will continue to decline in 2016, although not as much as last year. RIA Novosti reported that this was said by the head of the IMF, Christine Lagarde, at a press conference on Wednesday.
She was asked to comment on Russian President Vladimir Putin’s statements that the Russian economy will grow in 2016. “Those statements might be seen as good news for Russia but we do not have a positive forecast for their economy. We …
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Ministry of Finance expects a positive decision from the IMF on the provision of loans to Ukraine
On the 15th of May, the Minister of Finance of Ukraine, Oleksandr Danylyuk, stated live on Inter TV that the Ministry expects a positive decision from the International Monetary Fund Board of Directors concerning the provision of the next loan to Ukraine. Danylyuk noted that the primary task now is negotiating the text of the Memorandum.
“Now, the main task is to agree on a new version of the Memorandum. When this happens, the meeting of the IMF Board of Directors will be held and I’m sure …