IMF Recommends Ukraine Step Up Efforts To Curb Inflation

The International Monetary Fund said Ukraine should increase efforts to lower the rate of inflation and stabilize prices. According to the IMF’s latest estimates, current inflation growth rates amount to 15% in annual terms. To contain inflation the IMF recommended Ukraine implement a prudent monetary policy, including a more flexible exchange rate; introduce a fiscal policy aimed at implementing the budget; accelerate the pace of structural reforms aimed at building a market economy, and create a favorable investment climate. Concorde Capital: This sounds a tad unusual, as the Government is already doing what the IMF suggests. It seems that the internal developments in Ukraine are not fully understood by foreign observers.