Economy and politics

The head of the IMF mission to Ukraine Ms. Ceyla Pazarbasioglu has announced that the Ukrainian government and the IMF mission have reached a preliminary agreement to provide with the third tranche of the stand-by emergency loan.

According to an announcement from the IMF, the Fund has reviewed its macroeconomic forecasts for Ukraine.

According to a note from the National Bank of Ukraine, foreign reserves dropped USD 448.7 mln (1.6% MoM) in June and have reached USD 27.34 bln. The YtD drop, therefore, has reached 13.3% (USD 4.2 bln).

According to a note from the State Statistics Committee, CPI grew 1.1% MoM while PPI grew 1.4% MoM in June. Therefore, CPI has grown 15% YoY and 8.6% YtD while PPI demonstrated a 0.9% YoY decline and 4.2% growth YtD.

According to a note from the National Bank of Ukraine, FDI fell to USD 1.8 bln in January-May, compared to USD 4.3 bln a year ago.

According to a note from the State Property Fund of Ukraine (SPF), the annual privatization plan in 1H09 is 94.2% below target, with UAH 501.5 mln ( USD 65.8 mln) collected so far. Specifically, in January-May, the SPF collected UAH 493.1 mln (USD 64.5 mln).

According to a note from the National Bank of Ukraine (NBU), the balance of payments deficit grew slightly in May by USD 275 mln and reached USD 6.556 bln in January-May.

The Ukrainian parliament has passed amendments to the law on the National Budget requiring the National Bank of Ukraine to transfer UAH 9.8 bln (USD 1.3 bln) of profits to the State Budget.

According to a note from the Ministry of Finance, the state budget showed a UAH 2.7 bln (USD 35.4 mln) deficit in January-May 2009. Specifically, in May alone the deficit grew by only 0.4%.

According to a note released by the State Statistics Committee of Ukraine, the country’s GDP fell 20.3% YoY in 1Q09.