{"id":2618,"date":"2025-10-18T13:22:17","date_gmt":"2025-10-18T10:22:17","guid":{"rendered":"https:\/\/ukrmedia.news\/?p=2618"},"modified":"2025-10-18T13:22:17","modified_gmt":"2025-10-18T10:22:17","slug":"imf-pressure-nbu-hryvnia-devaluation","status":"publish","type":"post","link":"https:\/\/ukrmedia.news\/en\/economics\/imf-pressure-nbu-hryvnia-devaluation\/","title":{"rendered":"IMF pressures the National Bank of Ukraine to devalue hryvnia"},"content":{"rendered":"

The IMF sees devaluation as a tool for fiscal stimulus<\/h2>\n

According to Bloomberg<\/strong><\/a>, The IMF is putting pressure on the National Bank of Ukraine to gradual weakening of the hryvnia exchange rate<\/strong>, The government argued that this would increase budget revenues denominated in the national currency.<\/p>\n

\n

\u00abThe gradual weakening of the exchange rate will increase budget revenues denominated in the national currency,\u00bb the IMF states.<\/p>\n<\/blockquote>\n

\n

Why does Ukraine need it and what are the risks?<\/h2>\n

Ukraine is currently negotiating a new loan package with the IMF in the amount of up to $8 billion<\/strong>, and the fund believes that the devaluation of the hryvnia is one of the important steps to stabilise public finances before the deal is concluded.<\/p>\n

However, for Ukraine, this is fraught with risks:<\/p>\n

    \n
  • \n

    higher import costs \u2192 higher inflation;<\/p>\n<\/li>\n

  • \n

    Reduced purchasing power of citizens;<\/p>\n<\/li>\n

  • \n

    possible negative impact on business confidence in exchange rate stability.<\/p>\n<\/li>\n<\/ul>\n

    \n

    What are the consequences and what can happen next<\/h2>\n

    If the NBU agrees to the IMF's terms, the hryvnia exchange rate may gradually depreciate within a certain band.
    At the same time, the fund may demand other reforms: budgetary discipline, financial transparency, and the fight against corruption.<\/p>\n

    Ukraine will have to weigh the economic necessity against the social risks of changing course.<\/p>","protected":false},"excerpt":{"rendered":"

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