The decline of the economy of Ukraine in 2015 may reach 9% of GDP, inflation may reach 46%, said the head of IMF mission in Ukraine Nikolay Gueorguiev.
"The mission has revised the Outlook to the downside in 2015 to minus 9% and expects Inflation to end the year at 46%. The spur inflation in the majority of single temporal effects of sharp movements in the exchange rate (hryvnia) in February, and increasing energy prices, " said Georgiev, the words quoted by the press service of IMF.
according to his statement, the international reserves of Ukraine, although still very low, increased to 9, $ 6 billion at the end of April.
"Deposits of credit organizations in national currency restored. Budget performance in the first months of 2015 was better than expected, not entirely due to temporary factors, " - said the head of mission.
"The authorities (Ukraine) recognize that decisive implementation of economic reforms is essential to strengthening financial stability and restore sustainable growth. They are committed to advancing fiscal consolidation and reforms in the energy sector, as well as among them through further tariff regulation in the energy sector to avoid large losses of Naftogaz, reduce energy consumption and enhance energy independence, " he said.
Georgiev added that the Ukrainian Authorities continue measures to restore the banking system and improvement of the business environment in order to increase the productive capacity of the economy."
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