The Ukrainian government should seek a new support program with the International Monetary Fund (IMF) of up to USD10bn, with a duration of up to four years, the National Bank of Ukraine (NBU) believes.
Weaker demand for European products, high energy prices and the approaching end of the business cycle will weaken the GDP growth in Europe in the short term, predicts the International Monetary Fund (IMF).
Ukraine and the IMF have agreed upon a new program of financial assistance. The previous program ended in failure — the government in Kiev did not receive the full amount of assistance funds and the expected economic effects were not achieved.
Despite the good short-term prospects, the world economy will experience a slowdown, which may be accompanied by trade wars – these conclusions from the World Economic Outlook report set the tone for the IMF and World Bank spring meetings.
The IMF warned in the Global Financial Stability Report and Fiscal Monitor against threats challenging financial stability worldwide. The reason is that short-term risk has increased noticeably over the past six months.
Serbia will sign a new arrangement with the International Monetary Fund (IMF) by mid-2018. Unlike the previous arrangements, this one is supposed to build up the trust of international investors and creditors in the Serbian economy development.