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Ukraine: Heading to Recovery?

August 20, 2009

Analysis of:Kiev predicts rebound from deep crunch | www.ft.com

Ukraine's real GDP contracted by 18 per cent in the second quarter, according to preliminary government figures. Some economists suggest that Ukraine is beginning to come out of recession, after a record 20.3 per cent contraction in 3Q2009. International Monetary Fund (IMF) forecasts suggest Ukraine's GDP will contract by about 14 per cent overall this year. Our forecast is that real GDP contraction in 2009 will be about 11% (+/-1%).

IMF approves third tranche of the loan to Ukraine

August 7, 2009

Analysis of:IMF Completes Second Review Under Stand-By Arrangement with Ukraine and Approves US$3.3 Billion Disbursement | www.imf.org

According to the International Monetary Fund (IMF), the Executive Board of the fund completed the second review of Ukraine’s economic performance under the two-year Stand-By Arrangement (SBA) on July 28, and approved the immediate release of the third tranche under the arrangement equivalent to about USD 3.3 billion. This brings total disbursements under the SBA to about USD 10.9 billion out of negotiated USD 16.4 billion.

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