Date: 5 months ago   Category: Financial

The National Bank found application for tranches of the IMF, the EU and the WB


The svredstvo received in December from the European Union, the IMF and the World Bank will send to gold and foreign exchange reserves. The national bank will direct received from the European Union, the IMF and the World Bank of means in the international reserves. It is said in the statement on the website of the NBU published on Wednesday, December 19. "At the expense of the new SBA program of 2.8 billion SDR (about 3.9 billion US dollars), attraction in the international capital markets thanks to a guarantee for 750 million US dollars which was approved yesterday by Council of executive directors of the World Bank and also to financing from the European Commission of 1 billion euros Ukraine will be able to increase the international reserves to about 20 billion US dollars for the end of 2018 that exceeds the last forecast of National bank and to support them up to standard in 2019", - it is said in the statement. The NBU notes that the new program is focused, in particular, on the mode of targeting of inflation and flexible exchange rate formation mechanism of hryvnia. These factors became the effective instrument of decrease of the inflation rate in Ukraine from more than 60% in April, 2015 to the current 10% and 5% in the medium term, note in National Bank. However for this purpose, as it is specified in the official statement by the IMF, maintaining independence of National bank will be critical. Other focus of the new program - strengthening of the financial sector and further restoration of bank crediting. As note in the NBU, adoption by the Verkhovna Rada of the bill of Split (No. of a 2413-) became one of structural beacons of the program that will allow to embody reform of the non-bank financial sector. As it was reported, the day before the board of directors of the IMF approved the new program of financing for Ukraine for 3.9 billion dollars. The first tranche in 1.4 млрддолжен to be provided "immediately". Let's note, for December 1 gold and foreign exchange reserves of Ukraine were 17.7 billion dollars. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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