The national Bank is no longer waiting for a tranche of the IMF in 2017

Нацбанк больше не ждет транш МВФ в 2017 году

The NBU and the Cabinet failed to agree with the IMF on the allocation of money in 2017

The controller has significantly lowered the international reserves at the end of 2017.

The national Bank of Ukraine lays in their projections continuing cooperation with the International monetary Fund and expects to receive the next tranche of the EFF program in the first quarter of 2018, Interfax-Ukraine.

“With the surplus of consolidated balance of payments this will increase international reserves up to $22.1 billion (or 4.2 months of imports of the future period) at the end of 2018,” said acting head of the national Bank Yakov Smoliy at a press conference in Kiev.

According to the updated forecasts of the Central Bank, published this day, he has improved the assessment of the current account deficit in 2017 from $4.1 billion to $4 billion next year – from $4.6 billion to $4.2 billion, but has lowered it for 2019 from $3.9 to $4.2 billion.

As said resin, the negative balance on the current account will be fully offset by positive financial account.

At the same time the international reserves of the NBU at the end of 2017 were reduced from $20 billion to $18.6 billion in 2018, from $27.1 billion to $22.2 billion and in 2019 – from $25.7 billion to $21.2 billion

As reported Корреспондент.netearlier media reported that the IMF will postpone the allocation of funds Ukraine. It was noted that the failure to Kiev a number of conditions, making it virtually impossible the continuation of the funds until at least mid-spring 2018.

We will remind, the Minister of Finance of Ukraine Alexander danyluk was hoping for a two tranche from the IMF before the end of 2017.

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