21st April 2020 Ukraine’s Central Bank Likely To Cut Interest Rate This Week According To Reuters Poll
Ukraine expected to cut interest rate from 9 percent to 10 percent at the next policy meeting on April 23 to help the Ukraine through the coronavirus pandemic economic slowdown.
The coronavirus pandemic is forecast to cause a recession in the Ukraine. Forecasts say the Ukrainian economy will contract by 4.8 percent in 2020 which is actually a massive swing from 3.7 percent forecast growth.
President Volodymyr Zelenskiy’s government has asked the International Monetary Fund IMF for an 8 billion dollar loan package which remains conditional on parliament passing a banking reform bill.
The IMF wants Ukrainian parliament to pass a law that prevents former owners of banks declared insolvent from regaining their assets.
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22nd April 2019 Ukrainian Comedian Volodymyr Zelensky Wins Presidential Election.
Mr Zelensky starred in television series Servant of the People in which his character accidentally becomes Ukrainian president.
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18th February 2017 Ceasefire Between Ukraine and Russian-Backed Separatists
A ceasefire between Ukraine and Russian backed separatists has been agreed and will come into effect on 20th February, according to Russias Foreign Minister Sergei Lavrov. After the ceasefire the combatants will withdraw military hardware.
10th February 2017 IMF Deal By End-February
Prime Minister Volodymyr Groysman says he expects to conclude deal for financial support from the IMF by the end of February 2017. The Prime Minister is expecting £14 billion in aid from the IMF.
He also claims the increased fighting in eastern Ukraine is due to increased Russian backed aggression.
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