Business news from Ukraine

NATIONAL BANK OF UKRAINE EXPECTS TWO TRANCHES OF $1.3 BLN EACH FROM IMF

The National Bank of Ukraine (NBU) expects that two tranches of the rest of $2.6 billion of the 14-month Stand-By Arrangement (SBA) of the International Monetary Fund (IMF) opened in December 2018 would arrive in 2019, Governor of the NBU Yakiv Smolii has said. “This year we expect two tranches of $1.3 billion each: one in May and another in September. Accordingly, these funds will be sent to foreign exchange reserves,” he said at a press conference.
The head of the NBU recalled that the first tranche of the SBA was $1.4 billion and was provided in December last year.
Smolii said that last year, thanks to $2.4 billion from international partners (the IMF, the European Union and the World Bank) in reserves, the country’s forex reserves increased by $2 billion and reached $20.8 billion – highest figure for the last five years.
As reported, on December 19, 2018, the Executive Board of the IMF approved a new 14-month SBA. The new SBA, with a requested access of SDR 2.8 billion (equivalent to $3.9 billion), will provide an anchor for the authorities’ economic policies during 2019.
A total of SDR 1 billion (around $1.4 billion) were provided at once, and the rest of the funds will be provided after the six month reviews.

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4 UKRAINIAN CITIES PLACED FROM 175TH TO 196TH PLACE IN QUALITY OF LIFE RATING

The capital of Australia – Canberra – is highest ranked city in the entire database of the Numbeo website in Quality of Life rating. The second highly ranked was Dutch Eindhoven, the third – the city of Raleigh, the capital of North Carolina. The top ten included three more U.S. cities (Charlotte, also located in North Carolina, Columbus in Ohio and Madison in Wisconsin), two Australian (Adelaide and Brisbane), Wellington (New Zealand) and Zurich (Switzerland).
Among the Ukrainian cities, Lviv took the 175th place in the ranking, Kyiv is in 192nd place. Odesa was on the 195th place in the ranking of the Quality of Life Index, Kharkiv 196th and Dnipro ranks 202nd.
Caracas (Venezuela), Lagos (Nigeria) and Dhaka (Bangladesh) are recognized as the worst cities in the world for liveability. Beijing has received very low marks (mainly due to ecology and transportation problems) and Rio de Janeiro (extremely high crime).
The Quality of Life rating takes into account eight parameters, including purchasing power of the population, safety, health care, the cost of living, property price to income ratio, traffic commute time, pollution and climate.

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