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IMF concerned by resignation of Ukrainian Economic Minister
The decision of Aivaras Abromavičius to resign as the Minister of Economic Development and Tradeof Ukraine has created concern in the International Monetary Fund (IMF).
According to Interfax Ukraine, this was stated as a press conference in Washington by the Managing Director of the IMF, Christine Lagarde.
“His decision to resign is a matter of concern. If the suspicions he expressed when he communicated his intention to resign are reliable, it is a clear sign that the undertakings made by …
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Disagreements Emerge between Poroshenko and Cabinet of Ministers over IMF Loan
Disagreements have emerged between the President of Ukraine, Petro Poroshenko, and the Cabinet of Ministers, headed by Arseniy Yatseniuk, over the International Monetary Fund (IMF) loan, as reported by Apostrophe, citing a source in diplomatic circles.
The final version of the Memorandum, which outlines the obligations of both the IMF and Ukraine, is not yet ready. After the adoption of the budget for 2016 and changes in the tax code, the IMF received a proposal from the Cabinet of Ministers …
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Abromavičius refuses to withdraw resignation
The Minister of Economic Development and Trade of Ukraine, Aivaras Abromavičius, did not withdraw his resignation after a meeting with Ukrainian Prime Minister Arseniy Yatsenyuk.
This was reported by the Press Service of the Ministry. The decision was taken after a meeting of the Cabinet of Ministers, in which several ministers withdrew their applications of resignation.
On Thursday, Abromavičius met with Prime Minister Yatsenyuk as well as other ministers where they discussed issues related …
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IMF Delays next Installment of Loan to Kiev
According to Apostrophe, a source in the Ukrainian Government stated that the International Monetary Fund, which is the key creditor of Kiev, has delayed the next installment within its loan program, which Ukraine is expecting to arrive this month.
The President of Ukraine, Petro Poroshenko, the Minister of Finance, Natalie Jaresko, and the Chairwoman of the National Bank of Ukraine, Valeriya Hontaryeva, have discussed the economic situation in the country and the provision of the next loan …
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Ukraine's Foreign Exchange Reserves increase to 13.4 billion dollars
As of January 2016, the international reserves of the National Bank of Ukraine (NBU) have increased from 100 million dollars to 13.4 billion dollars.This was reported by the head of the NBU, Valery Gontareva, at a parliamentary meeting held in Kiev on Wednesday.“We haven’t lost a single penny of our stocks in January, which is a good sign,” she said.Gontareva originally predicted reserve growth this year to be between 15 and 18 billion dollars. However, this prediction failed due to the pause …