Thursday 31 October 2013

Ukraine s economy shows signs of improvement - IMF mission| Ukrinform

Ukraine s economy shows signs of improvement - IMF mission| Ukrinform:

"Ukraine's economy shows signs of improvement, but limited exchange rate flexibility, a large budget deficit and significant losses in the energy sector remain considerable challenges.
A respective statement was made on Thursday by IMF Mission Chief for Ukraine Nikolay Gueorguiev following the mission's work in Kyiv from October 17 to October 29, Ukrinform reported.
"Ukraine's economy shows signs of improvement, but considerable challenges remain. Limited exchange rate flexibility, a large budget deficit, and sizable quasi-fiscal losses in the energy sector have given rise to a large external current account deficit and a steady loss of foreign exchange reserves," reads the statement."

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