REUTERS
As of June 30, Ukraine has met all quantitative criteria for cooperation with the International Monetary Fund, as stated in the report by the Board of the National Bank of Ukraine on the implementation of the country’s monetary policy in the first half of 2017.
"Quantitative criteria for the [Extended Fund Facility] program as of June 30 have been met," the report says.
According to the NBU, since the end of 2015 (the starting point for calculating the criteria), the cumulative increase in net international reserves was $3.791 billion, while the program set a minimum growth of $3.251 billion; a cumulative decrease in net domestic assets was at UAH 14 billion, with the program target allowing an increase up to UAH 12 billion.
At the same time, the central bank says that the inflation rate in June 2017 at 15.6% has slightly exceeded the boundaries of the indicative target at 12% +/- 3 percentage points, under the influence of short-term shocks.
Read alsoPM Groysman seeks new IMF cooperation program after current one completesAs UNIAN reported earlier, the International Monetary Fund may consider allocating for Ukraine another bailout tranche as early as this summer or early autumn.
The IMF Executive Board on April 3 completed the third revision of the EFF for Ukraine. On April 5, the National Bank received another tranche from the IMF in the amount of $1 billion, which, together with the second tranche of the European Union's macro-financial assistance received the day before, boosted international reserves to $16.7 billion, the highest level since mid-2014.