Andy Baukol and Serhii Marchenko discussed Ukraine's economic situation today, cooperation with the International Monetary Fund, bank reform, development of investment projects, and cooperation between the Ministries of finance of Ukraine and the United States.
Ukraine plans to reduce the budget deficit by 3,5% in 2022, increase the minimum wage, stabilize the state currency, reduce inflation and increase GDP.
"Ukraine's economy continues to recover due to domestic demand and favorable external conditions. According to the forecast, we expect that Ukraine's real GDP will grow by 4,1% in 2021 and by 3,8% in 2022. Cooperation with the United States of America is one of our priorities for recovery. The revival of investment activity between our countries is crucial for long-term economic growth," said the minister of finance of Ukraine.
The Framework Agreement between Ukraine and the United States on support for the implementation of investment projects in the field of Ukrainian infrastructure was discussed separately. Baukol and Marchenko also spoke about Ukraine's good results in adhering to the terms of the IMF stand-by program.
According to Marchenko, Ukraine's economy is recovering due to domestic demand and favorable external conditions
