The IMF mission completed its work in Kiev. What are the macroeconomic projections provided in the national Bank
Monday, March 27, in Kyiv ended the work of the technical mission of the IMF on tax policy.
“The Ministry of Finance received advice, in particular regarding the regulation of control over transfer pricing, improvement of the simplified tax system and introduction of BEPS rules. The mission also provided recommendations on the implementation of the tax on the capital. The Ministry of Finance actively cooperates with international partners to implement in Ukraine best practices,” – said the press service of the Ministry of Finance.
See also:
The impact of the embargo: the militants want to join the Donbass to Russia, but the IMF postponed a meeting in Ukraine
Meanwhile, the NBU provided the IMF worsened forecasts of growth of economy of Ukraine in 2017 due to the blockade of the occupied Donbass. Instead of the previously projected 2.8% of GDP growth in the Bank now gives a figure of 1.9%. These figures also agreed in the Cabinet, particularly the Finance Ministry, assured the “Radio News” the Director of the Department of monetary policy and economic analysis of the NBU Serhiy Nikolaichuk.
“In fact, we provided the experts of the Fund its assessments of the macroeconomic effects of the blockade (occupied Donbass). We have provided estimates of the updated macroeconomic forecast, which will then be published on the website of the National Bank. Well, actually we have discussed these projections with the Fund’s experts and working level they agreed with our argument and had based our numbers,” said Nikolaichuk.
Recall, the IMF Executive Board was to consider the allocation of Ukraine the next tranche of the loan in the amount of $ 1 billion a week ago. However, due to the introduction of official trade embargo with the occupied Donbass, the IMF has postponed consideration of the questionof agreeing to the new numbers worsened macroeconomic forecasts.