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Thursday, August 22, 2019

International Monetary Fund

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International Monetary Fund News

INTERNATIONAL MONETARY FUND: IMF Reaches Staff-Level Agreement on the Sixth Review of Mongolia's Extended Fund Facility

An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar from November 7-17, 2018 to conduct discussions on the sixth review of the three-year Extended Fund Facility (EFF) arrangement approved on May 24, 2017, in an amount equivalent to SDR314.5054 million, or about US$434.3 million (see Press Release No. 17/193 ). Read More »

National Bank of Ukraine's international reserves rise to $9.6 billion

Preliminary data from the National Bank of Ukraine (NBU) indicates that its international reserves rose to approximately $9.6 billion as of May 1, the bank said on Thursday. Major factors that weighed on this total were principal debt and interest payments on external sovereign bonds and government securities, and to the International Monetary Fund. Total payments amounted to $737 million when interest is included. Read More »

NBU implements measures to stabilize monetary market

The National Bank of Ukraine (NBU) has approved multiple decisions that intend to stabilize the monetary market after recommendations from their Monetary Policy Committee (MPC,) they announced on Tuesday. The MPC proposed that in addition administrative restrictions currently in place that beginning on March 4, policy rate would rise to 30 percent per year in order to better regulate the national banking system's liquidity. Read More »