IMF decides not to include Ukraine in list of low-income countries

IMF decides not to include Ukraine in list of low-income countries

Ukraine has not been included in the list of low-income developing countries where per capita income is below the threshold level.

This is stated in the latest IMF report "Macroeconomic Developments and Prospects in Low-Income Developing Countries," which was released on Thursday, March 22.

"There are two countries - Timor-Leste and Ukraine - not included in the 2014 LIDC grouping where per capita income levels fall below the proposed threshold level," the document says.

It also notes that the fall of income levels in Ukraine, which were recorded below the operational threshold of $2,330, "mainly reflects the impact of the armed conflict."

At the same time, the document says that Ukraine's poverty levels, employment structure, life expectancy, and educational levels "are similar to those of a typical emerging market economy."

Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: