NBU, European Union discuss condition of Ukraine’s economy amid war
“To keep you posted on the Annual Meeting of the IMF and the World Bank Group, here is a gist of events that took place Friday. NBU team at the Annual Meeting is represented by Deputy Governors Sergiy Nikolaychuk and Yuriy Heletiy, as well as Volodymyr Kuchyn, Head of the Office for European Integration and International Programs,” the NBU posted on Facebook.
The NBU representatives met with Elena Flores, Deputy Director-General, Economic and Financial Affairs, European Commission.
The parties discussed the condition of the Ukrainian economy amid the full-scale war. Elena Flores assured the NBU team that the EU would continue to provide Ukraine with comprehensive support and funding.
The NBU representatives thanked the EU for its assistance, including the unprecedented macrofinancial aid program, support for Ukraine’s European integration aspirations, and the sanctions imposed on the aggressor country. Various aspects of the EU-Ukraine Association Agreement’s implementation in the financial sector were also discussed.
Preliminary work with the IMF mission also continued yesterday. “The discussion focused on the agenda of the joint efforts in Vienna scheduled for next week, macroeconomic trends, the domestic financial market situation, the transmission of key policy rate changes to yields on market instruments, and public debt dynamics in the domestic market,” the statement reads.
The NBU team also had a number of meetings with international investors and financial sector professionals, including those from the investment company Goldman Sachs, Bank of America, and Raiffeisen International Group. There was also a meeting with the finance company Clearstream.
The NBU team also took part in the plenary session, the Annual Meeting’s central event. In addition, they attended the meetings of the International Monetary and Financial Committee and the meeting of the IMF and World Bank constituency that includes Ukraine.
As noted, the meetings centered on world economic prospects, global inflation forecasts, challenges for the countries’ monetary and fiscal policies, and cooperation to assist the nations suffering from the food crisis triggered by Russia’s full-scale war against Ukraine.
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