The National Bank of Ukraine and the government have made certain progress in providing and supporting economic stability, head of the IMF mission in Ukraine Christopher Jarvis told a briefing in NBU, ForUm correspondent reports.

IMF group of experts was working in Kyiv from May 21 to May 28 and held meetings with representatives of the government, private sector and public organizations.

The IMF mission head told the briefing that it was his first visit to Ukraine and that it made an impression.

Summing up the visit results Mr. Jarvis read out a statement on achievements and further tasks of Ukraine.

"The government and NBU have reached good results in providing economic stability. We welcome the pension reform and the adoption of the new Tax Code," the official said and added that the low level of inflation, supported by NBU monetary policy, was also among the positive results.

Among other achievements the official pointed out the progress in deregulation and tax system simplification.

At the same time the head of IMF mission stressed that in order to guarantee stable economic development and minimize the financial risks Ukraine needed to solve a number of issue and to deal with external and internal challenges.

"If you do not boost economic policy the economic growth rate can slow down due to low demand for Ukrainian production. According to our estimations, the annual growth rate may drop to 3% with 7% of annual inflation, while the current account deficit will increase up to 6.5% of GDP," he said.

In addition, Mr. Jarvis thanked the receiving party, especially the National bank of Ukraine, for warm reception and open dialogue.


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