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Nation    

Ukraine can fix payments deficit with IMF help, says NBU advisor
Journal Staff Report

KIEV, Nov. 12 – Ukraine is likely to end 2013 with a consolidated balance of payment surplus, especially if a new Stand-By Arrangement with the International Monetary Fund is started, said Valeriy Lytvytsky, the head of the group of advisors to the National Bank of Ukraine governor.

He noted that in September the net outflow of capital was $998 million lower than in the corresponding month of 2012, while the net capital inflow on the financial account increased compared to September 2012 by $1.853 billion.

As a result, the deficit of the consolidated balance in September halved compared to August, or decreased by $127 million, and in general in the first nine months its surplus of $1.546 billion was formed, while a year ago the country had a deficit of $798 million, said Lytvytsky.




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