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Nation Economy Minister Danylyshyn: Permanent conflicts between NBU and Cabinet contribute to deep fall of GDP in 2009 Yesterday at 21:38
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IMF mission to attend extraordinary Ukrainian government session on July 6, loan decision could be announced
July 05 at 11:27 | Staff and wire reportsThe press service did not reveal the topic of the meeting, which is being held after a one week visit to Ukraine by an IMF mission. The IMF mission is to decide whether to recommend to the fund’s board in Washington whether to grant Ukraine a third tranche between $3.2 billion and $3.8 billion, from a $16.4 billion standby loan granted last fall in the wake of the global financial crisis.
Previous tranches of $4.5 billion given last November and $2.8 billion in May helped stabilize Ukraine’s fiancés, which are stretched to the limit. Ukraine is reportedly hoping to use a third tranche to help cover its widening budget deficit and pay for natural gas imports from Russia.