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Haikou Jiangdong New Area
Economy

IMF sees positive short-term outlook for Ukrainian economy

May 27, 2017


Abstract : The International Monetary Fund (IMF) on Friday expressed optimism about the Ukrainian economy in the short term.

乌克兰

 

KIEV, May 26 (Xinhua) -- The International Monetary Fund (IMF) on Friday expressed optimism about the Ukrainian economy in the short term.

"The economy continues to recover, the near-term outlook is positive," the IMF mission said in a press release after its visit to Kiev.

Ukraine's gross domestic product growth is expected to exceed 2 percent in 2017, while inflation is projected to fall below 10 percent by the end of the year, it said.

At the same time, the IMF pointed out that implementation of structural reforms remains critical for Ukraine to achieve sustainable growth in the medium term.

Earlier in the day, the IMF mission completed its eleven-day working visit to Kiev aimed at initiating discussions with the Ukrainian authorities on the fourth review of the economic reform program, which could pave the way for the fifth tranche of its credits.

Under the cooperation program launched in 2015, Ukraine has received more than 8 billion U.S. dollars in four tranches from the global lender, which helped keep its economy afloat.

The Ukrainian economy grew 2.3 percent in 2016 after two years of contraction.

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Keyword: Ukraine Ukraine-economy IMF

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