IMF improves forecast for Ukraine, may extend $2.7 billion in loans

The International Monetary Fund improved its forecast for Ukraine’s gross domestic product in 2021 but will likely only extend two loan tranches this year, instead of the expected three.

The IMF expects Ukraine’s real GDP to reach 4% this year, up 1% from its previous forecast last October, according to the fund’s World Economic Outlook released on April 6.