Tuesday, 20 April 2021, 08:46
IMF to cooperate with Ukrainian Finance Ministry in fiscal risk management
15.01.2021 11:41
Ukrinform
Experts from the International Monetary Fund (IMF) have agreed to continue cooperation with the Ukrainian Finance Ministry in the field of developing the fiscal risk management system, the ministry s press service has reported.
According to the report, the IMF s technical mission for fiscal risk management and guarantee management worked at the Finance Ministry from November 30 to December 15, 2020. The mission s main task was to assess the results of the ministry s work in these areas and to hold meetings with key stakeholders. During the mission s work, meetings were held with representatives of the Ministry for Economic Development, Trade and Agriculture, the Energy and Coal Industry Ministry, the National Bank of Ukraine, the State Property Fund and other agencies to discuss the impact of fiscal risks on the state budget in relevant areas.
Economy
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Meanwhile, the easing of quarantine restrictions and the recovery in consumer demand in Q3 boosted trade in the country.
The United States Department of Agriculture (USDA) has revised downward its forecast for the corn yield in Ukraine in December 2020 against November 2020 by 1 million tonnes, to 29.5 million tonnes, worsening the forecast for exports by 1.5 million tonnes, to 24 million tonnes. The crop is yet to be harvested in the most productive northern regions.