Despite that, the current account deficit will remain acceptable, at 3% to 4% of GDP, as envisaged in the NBU’s January forecast. What does the realization of this forecast depend on? Continued cooperation with the IMF remains the key assumption of this macroeconomic forecast. Ukraine is close to having a new aid program approved by the IMF Executive Board.
The NBU’s revised forecast envisages that Ukraine will receive the first tranche of about USD 2 billion in Q2. First, this will cover the state budget deficit, which has increased to 7.5% of GDP.