The head of the National Bank explained that there will be no IMF tranches

The lack of money from the IMF can affect prices and the currency market in Ukraine. NBU is still waiting for the next tranche by the end of the year.

The absence of IMF tranches can slow down the economic recovery and significantly worsen inflation and devaluation expectations. This was announced on Thursday, October 22, by the director of the National Bank Kirill Shevchenko.

“Cooperation with the Fund is a basic prerequisite for the full financing of the state budget deficit. Another important point is the receipt of financing related to the IMF program from international partners. This support is necessary for the rapid recovery of the Ukrainian economy “, He said.

Shevchenko added that effective dialogue with international partners is the key to maintaining macro-financial stability. In particular, cooperation with the IMF will allow to continue to meet the external obligations of the state and increase Ukraine’s international reserves to $ 29-30 billion.

According to him, the NBU is still awaiting receipt of a tranche from the IMF at the end of the year.

The day before, the IMF said that the allocation of the next tranches to Ukraine, as well as the implementation of the Stand-By program in general, will depend on the implementation of reforms by the authorities, the fulfillment of obligations and other objectives stipulated in the Memorandum.

News of Correspondent.net on Telegram. Subscribe to our channel https://t.me/korrespondentnet