The International Monetary Fund has acknowledged three significant achievements in Ukraine's efforts to stabilize its economy.
Firstly, the restoration of economic growth is noted as a substantial accomplishment, with the IMF forecasting a growth rate of around 3%. This falls within the higher end of their range, which had been set at 1% to 3%.
Secondly, bringing Ukraine's inflation rate down to single digits is recognized as a noteworthy achievement, particularly given that maintaining low inflation can be challenging even during peaceful times.
Thirdly, the presence of solid international reserves in Ukraine is highlighted as a positive development. These reserves have enabled the National Bank of Ukraine (NBU) to implement measures for managed exchange rate flexibility.
Kristalina Georgieva, the Managing Director of the IMF, also emphasized the importance of Ukraine making substantial progress in terms of cost control and other factors, such as the restoration of declarations. These achievements represent significant steps toward economic stability and growth in Ukraine.