The National Bank of Ukraine (NBU) says two scenarios are possible in Ukraine, which development depends on whether or not progress is made with structural reforms that are required for maintaining macroeconomic stability and receiving financing from the IMF.
“Decisions important for continuing cooperation with Ukraine’s official creditors would be taken in the near future. If the country steps up its efforts to carry out reforms, there is a good chance of receiving a US$2 billion tranche and related financing this year, as outlined in the NBU’s baseline macroeconomic scenario,” reads a statement in the summary of the May 23 discussion on the key policy rate at the NBU Monetary Policy Committee (MPC), posted on the NBU website.
