-
In late December, the IMF, in recognition of the Government reform efforts, disbursed a credit tranche of USD 246 m to Ukraine according to the EFF program.
-
6% yoy GDP increase in 2000 presents the first positive growth record since Ukraine gained independence in 1991. Industrial production grew by 12.9% yoy and agricultural output by 7.6% yoy.
-
The law “On Banks and Banking Activity”, which foresees a differentiated approach to a bank capital, was enacted.
-
Due to favourable world market conditions, the three quarter current account showed a surplus of USD 1.6 bn. A worsening world market situation might hurt Ukrainian exporters.
-
During 11 months of 2000, a Consolidated budget of about 1.5% of GDP was achieved. Social expenditures were higher than in the previous years, state management expenditures remain considerable.
-
During 2000 Hryvnia devalued only by 4.5%. The risk of higher than forecast inflation in 2001 requires to look more closely at real currency appreciation.