Ukraine achieved significant results in fulfilling its obligations to IMF - Ministry of Finance

Ukrainian Minister of Finance Serhiy Marchenko said this at a meeting with Acting Deputy Secretary of International Affairs at the U.S. Department of the Treasury, Andy Baukol, according to the Ukrainian ministry’s press service.

The meeting was also attended by Ukrainian Deputy Minister of Finance for European Integration Yurii Drahanchuk, Government Commissioner for Public Debt Management Yuriy Butsa, representatives of the U.S. Treasury Department and the U.S. Embassy in Ukraine.

"The parties discussed the current economic situation in Ukraine, cooperation with the IMF, the development of investment projects in Ukraine, the reform of state-owned banks, as well as bilateral cooperation between the Ministries of Finance of Ukraine and the United States," reads the report.

Marchenko informed about the priorities of the Ministry of Finance that are set in the state budget for 2022. In particular, the Ministry of Finance seeks to reduce the budget deficit to 3.5%, decrease public debt, increase the minimum wage, achieve stable hryvnia exchange rate, lower inflation etc.

“The Ukrainian economy continues to recover due to domestic demand and favorable external conditions. According to the forecast, we expect that Ukraine's real GDP will grow by 4.1% in 2021 and by 3.8% in 2022. Cooperation with the United States is one of our priorities on the way of recovery. The revival of investment activity between our countries is crucial for long-term economic growth,” Marchenko said.

In addition, the parties discussed the continuation of the first review of the IMF program, which is due to begin this week.

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