Contents tagged with IMF

  • Zelensky: Ukrainian economy cannot survive without IMF financial support

    Ukrainian President Volodymyr Zelensky believes that currently Ukraine cannot afford to stop borrowing from the International Monetary Fund (IMF).

    He said this in an interview with four Ukrainian TV channels.

    "Today the Ukrainian economy is built in such a way, and it has been built like this since long time ago, that we cannot live without Western money. People need to know about it. Therefore, it was impossible to abandon borrowing the International Monetary Fund," said Zelensky in an …

  • Zelensky asks Saakashvili to lead Ukraine’s negotiations with IMF

    Mikheil Saakashvili, the candidate for the post of Deputy Prime Minister for Reforms, said that Ukrainian President Volodymyr Zelensky wants to make him a negotiator with the International Monetary Fund.

    He said this to journalists before the meeting with the "Servant of the People" faction.

    "The president instructed me to engage in negotiations with the International Monetary Fund, international financial organizations," Saakashvili told journalists before the meeting with the "Servant of …

  • Ukraine not using $6.8 billion of foreign financing

    Three of Ukraine’s biggest partners from among the international financial organizations have around $6.8 billion that is available for Ukraine, but is not being used, reports Dzerkalo Tyzhnia.

    For projects through the International Bank for Reconstruction and Development (IBRD), $1.5 billion is not being used (the bank’s credit portfolio currently amounts to $2.3 billion). For projects through the European Bank for Reconstruction and Development (EBRD), €1.8 billion is not being used (credit …

  • Russian Topol ballistic missile flies six times less than expected

    During a test launch of the Russian Topol Intercontinental ballistic missile, the missile flew only 2 thousand kilometers, instead of the declared 12 thousand kilometers of maximum range. The launch was carried out from the territory of the Kapustin Yar rocket launch site to the Sary Shagan testing range in Kazakhstan.

    It is unknown why the Intercontinental ballistic missile that was launched from the territory of the Kapustin Yar test site was tested at a relatively short flight distance. …

  • International Monetary Fund to continue discussing Ukraine's new assistance program

    The International Monetary Fund (IMF) mission in Ukraine, led by Ron von Roden, stated that the IMF will continue to discuss the new program for Ukraine next week, reports Ukrinform.

    "The mission has made notable progress in discussions on reforms that could form the basis of a new IMF-supported program. Such steps include measures in the monetary, fiscal, and financial sectors, as well as reforms aimed at improving the business environment, strengthening the rule of law, and boosting economic …

  • Putin orders to prepare symmetrical response to the US missile tests

    Russian President Vladimir Putin during a meeting with permanent members of the Russian Security Council ordered "to take comprehensive measures to prepare a symmetrical response" to the test of the US cruise missile.

    Commenting on the US test of the Tomahawk type missile, Putin noted that the United States made a gross violation of the Intermediate-Range Nuclear Forces Treaty (INF). In his opinion, the Americans "orchestrated a propaganda campaign" around Russia's non-compliance with the …

  • Russia to connect to Chinese SWIFT alternative

    Russia and China have agreed to transition to an international payments mechanism that is independent of SWIFT, Russian Deputy Finance Minister Alexey Moiseyev told Reuters in an interview.

    A corresponding point was included in the international agreement to develop payments in national currencies that was signed by Russian President Vladimir Putin and his Chinese counterpart Xi Jinping at the St. Petersburg Economic Forum in June.

    At present, China is the most “dollarized” market of all that …

  • Zelensky: Ukraine will continue to work with IMF

    Ukrainian President Volodymyr Zelensky met with Ron van Rooden, head of the International Monetary Fund’s (IMF) mission to Ukraine, in Kyiv last week, the president’s press service announced.

    The meeting was also attended by Yakiv Smolii, head of the National Bank of Ukraine, and Finance Minister Oksana Markarova.

    “The cooperation is continuing. The IMF has always been a reliable partner to Ukraine at times when we need support, and Ukraine in turn will also remain a partner that meets its …

  • IMF confirms readiness to cooperate with new Ukrainian government

    IMF representative Gerry Rice confirmed that the Fund is ready to continue cooperation with a new government in Ukraine as soon as it is formed.

    "When the government will be formed following the elections, we will be ready to continue the discussion about our further partnership with Ukraine," said Rice.

    He also confirmed that the IMF mission, which came to Kyiv for two weeks to assess the reforms, continues its work and will not return to Washington ahead of schedule, as several media …

  • Russian Prime Minister Medvedev wants to make Russia world’s 5th largest economy

    Russian Prime Minister Dmitry Medvedev has signed a decree confirming a plan to make Russia into one of the world’s top five economies, reports.

    According to the plan, which was published on the official government website on Wednesday, Russia is expected to oust Germany from 5th position by 2023.

    “At present, Russia holds the 6th position for GDP at purchasing power parity (PPP) according to the IMF’s assessment. In 2017, the lag behind Germany (which holds 5th position) on this …