While the external shock to fuel and food prices will push up inflation in the short run, the disinflation path is projected to continue in the second half of the year.
The outlook for the remainder of the year and 2025 has worsened since the Fourth Review, largely due to sustained Russian attacks on Ukrainian energy infrastructure.
The prime minister’s office said the first tranche of nearly $1.1 billion U.S. would be released immediately.
The selection process for a new managing director for the International Monetary Fund has begun, its board coordinators have said.
The IMF Managing Director, Kristalina Georgieva, praised the ambitious plans of the new government.
