Send to Kindle
Ukraine's Prime Minister Arseniy Yatsenyuk, who signed the deal with the IMF back in March, promised to implement serious economic reforms. Photo by EPA/BGNES
International Monetary Funds officials have recommended that Ukraine be granted a loan worth USD 17 B aimed at helping Kiev to reduce pressure on the economy.
The announcement came short after estimates that Ukraine's economy could contract by 5% this year due to February's events, the developments in Crimea and the ongoing unrest in its eastern and southern parts, as Bloomberg has reported.
IMF's proposals were revealed by Ukrainian government sources, who were delivered a report by the institution on April 22.
According to the cabinet representatives, an IMF board meeting could take place on April 30 to consider the proposal.
Conny Lotze, an IMF representative, has however declined to comment on the information.
In mid-March, IMF's mission to Kiev struck a standby deal with the interim authorities on between USD 18 B and USD 27 B of aid for the country on the condition of comprehensive political and economic reforms.
Ukraine is now in financial turmoil, with an economy threatening to collapse, debt claims by Russia worth billions of USD, and a standoff with pro-Russian separatists who have occupied buildings in a number of towns and cities.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Republican Congressman Mike Johnson from Louisiana has made a significant pivot in his stance on foreign aid, potentially swaying conservative opinion in favor of supporting aid to Ukraine
European leaders have reaffirmed their unwavering commitment to Ukraine, pledging urgent assistance to bolster the nation's defense capabilities
The delay in US military aid to Ukraine paints a grim picture of the war's future, as Western analysts and publications alike foresee a troubling trajectory for the embattled nation
The Ukrainian Armed Forces have dealt a severe blow to Russian military installations in the temporarily occupied Crimea peninsula
The Netherlands has delivered three more F-16 fighter jets to a training base in Romania
China emphasized today the necessity for extensive groundwork before the Ukraine peace conference, slated to be held in Switzerland
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
