Invitation Letter

Invitation Letter for the Diplomatic briefing on the economic situation in Ukraine,

January 13, 2025

Dear Colleagues,

The Institute for Economic Research and Policy Consulting extends its warm greetings to you in the

New Year of 2025 and expresses our sincere gratitude for your continued support of Ukraine during

these challenging times.

We are pleased to invite you to our regular monthly "Diplomatic Briefing," where IER experts share their

insights on the current economic situation in Ukraine and present the latest results of our business

tendency survey.

The upcoming Diplomatic Briefing, focused on “Ukraine’s economic situation and challenges in

December 2024”, will take place online via Zoom on January 13, 2025, Monday, from 16:00 to

17:00 Kyiv time (9:00-10:00 EST / 15:00-16:00 CEST).

In December, Ukraine received record financial aid from international partners. Another tranche from

the EU under Ukraine Facility and from the IMF under EFF were a result of the execution of

commitments and liabilities by Ukraine. Besides, Ukraine started receiving money within ERA loan

facility, which would be reimbursed by profits from frozen russian assets. Uncertainty remains high for

2025, and the ability to finance expenditures on time depends on the government’s adherence to its

commitments to international partners. We currently estimate real GDP growth at about 3% in 2025.

In December, consumer price inflation accelerated, which resulted in the increase of key rate by the

NBU. At the same time, hryvnia exchange rate relative to USD remained rather stable as the NBU made

substantial interventions to support hryvnia. Still, the NBU’s reserves exceeded USD 43bn at the end of

2024.

The IER experts will discuss these and other recent economic trends (including trade developments,

monetary policy, inflation, etc), challenges and outlook during the Briefing. Besides, more results of the

IER business tendency survey, conducted in September, will be presented.

Speakers:

Oleksandra Betliy, macroeconomic, public finance, social and healthcare expert, IER Leading

Research Fellow;

Vitaliy Kravchuk, macroeconomic, monetary policy and financial market expert, IER Leading Research

Fellow;

Oksana Kuziakiv, IER Chief Executive, Head of the Center for Contemporary Society studies.

English is a working language of the meeting.

We sincerely hope that you can honor us with your presence.

Please, register for the participation in the Briefings via e-mail to Victoriya Zhovtenko:

[email protected] or https://forms.office.com/e/jcZuqWa2Bq

Diplomatic Briefings represent an exclusive initiative by the IER, thoughtfully tailored to cater to the

needs of diplomatic institutions, government entities, and central banks of Ukraine’s international

partners. We kindly request your discretion in refraining from sharing this invitation with individuals

outside of your respective organizations.

Should you wish to extend this invitation to additional colleagues who would benefit from this

discussion, we would appreciate if you would be so kind to provide us with their contact information.

The Institute for Economic Research and Policy Consulting (IER) is a well-known Ukrainian

independent think tank established in 1999, focusing on economic research and policy consulting. The

IER is a top Ukrainian think tank with internationally recognized expertise almost 20 years of experience

in implementing projects on Ukraine's economic development funded by international donor

organizations, i.e. SIDA, USAID, UNDP, World Bank Group and others. In 2017 Global Go To Think

Tank Index Report the IER is one of the 140 Best Independent Think Tanks out of 6,500 surveyed, it is

49th in “Best Advocacy Campaign” category, 69th as best International Economics Think Tank and

86th best Think Tank in Central and Eastern Europe. The IER has successfully implemented multiple

international donors projects related to the field of reform implementation in Ukraine. The IER

successfully combines professional analysis with active involvement in public dialogue and advocacy

and actively cooperates with Ukrainian national and regional authorities in issues related to strategic

planning and policy development as well as policy implementation. The IER has the capacity for grant

management and provides re-granting for capacity development to regional civil society organizations

and media. The IER financial standing has been secured through projects as well as private

contributions.

Kind regards,

Igor Burakovsky,

IER Head of the Board

Invitation Letter for the Diplomatic briefing on the economic situation in Ukraine,

January 13, 2025

Dear Colleagues,

The Institute for Economic Research and Policy Consulting extends its warm greetings to you in the

New Year of 2025 and expresses our sincere gratitude for your continued support of Ukraine during

these challenging times.

We are pleased to invite you to our regular monthly "Diplomatic Briefing," where IER experts share their

insights on the current economic situation in Ukraine and present the latest results of our business

tendency survey.

The upcoming Diplomatic Briefing, focused on “Ukraine’s economic situation and challenges in

December 2024”, will take place online via Zoom on January 13, 2025, Monday, from 16:00 to

17:00 Kyiv time (9:00-10:00 EST / 15:00-16:00 CEST).

In December, Ukraine received record financial aid from international partners. Another tranche from

the EU under Ukraine Facility and from the IMF under EFF were a result of the execution of

commitments and liabilities by Ukraine. Besides, Ukraine started receiving money within ERA loan

facility, which would be reimbursed by profits from frozen russian assets. Uncertainty remains high for

2025, and the ability to finance expenditures on time depends on the government’s adherence to its

commitments to international partners. We currently estimate real GDP growth at about 3% in 2025.

In December, consumer price inflation accelerated, which resulted in the increase of key rate by the

NBU. At the same time, hryvnia exchange rate relative to USD remained rather stable as the NBU made

substantial interventions to support hryvnia. Still, the NBU’s reserves exceeded USD 43bn at the end of

2024.

The IER experts will discuss these and other recent economic trends (including trade developments,

monetary policy, inflation, etc), challenges and outlook during the Briefing. Besides, more results of the

IER business tendency survey, conducted in September, will be presented.

Speakers:

Oleksandra Betliy, macroeconomic, public finance, social and healthcare expert, IER Leading

Research Fellow;

Vitaliy Kravchuk, macroeconomic, monetary policy and financial market expert, IER Leading Research

Fellow;

Oksana Kuziakiv, IER Chief Executive, Head of the Center for Contemporary Society studies.

English is a working language of the meeting.

We sincerely hope that you can honor us with your presence.

Please, register for the participation in the Briefings via e-mail to Victoriya Zhovtenko:

[email protected] or https://forms.office.com/e/jcZuqWa2Bq

Diplomatic Briefings represent an exclusive initiative by the IER, thoughtfully tailored to cater to the

needs of diplomatic institutions, government entities, and central banks of Ukraine’s international

partners. We kindly request your discretion in refraining from sharing this invitation with individuals

outside of your respective organizations.

Should you wish to extend this invitation to additional colleagues who would benefit from this

discussion, we would appreciate if you would be so kind to provide us with their contact information.

The Institute for Economic Research and Policy Consulting (IER) is a well-known Ukrainian

independent think tank established in 1999, focusing on economic research and policy consulting. The

IER is a top Ukrainian think tank with internationally recognized expertise almost 20 years of experience

in implementing projects on Ukraine's economic development funded by international donor

organizations, i.e. SIDA, USAID, UNDP, World Bank Group and others. In 2017 Global Go To Think

Tank Index Report the IER is one of the 140 Best Independent Think Tanks out of 6,500 surveyed, it is

49th in “Best Advocacy Campaign” category, 69th as best International Economics Think Tank and

86th best Think Tank in Central and Eastern Europe. The IER has successfully implemented multiple

international donors projects related to the field of reform implementation in Ukraine. The IER

successfully combines professional analysis with active involvement in public dialogue and advocacy

and actively cooperates with Ukrainian national and regional authorities in issues related to strategic

planning and policy development as well as policy implementation. The IER has the capacity for grant

management and provides re-granting for capacity development to regional civil society organizations

and media. The IER financial standing has been secured through projects as well as private

contributions.

Kind regards,

Igor Burakovsky,

IER Head of the Board