Log in
29 July 2015 03:34

IMF links loan amount to Ukraine with reforms

KYIV, December 7 /Ukrinform/. It is premature to speak about the amount of a loan, which the International Monetary Fund could extend to Ukraine.

IMF Resident Representative in Ukraine Jerome Vacher has said about this in an interview to Zerkalo Nedeli, commenting on the amount of USD 4 billion aired in Ukraine.

“Before adjustment of a concrete amount, an agreement should be reached on the policy, which would remove disproportions and stimulated growth, representing the basis for the financing program, which could be necessary,” Vacher said.

According to him, the matter concerns raising of the exchange rate flexibility in combination with the policy for strengthening of the financial sector, ambitious efforts for the budget consolidation and reduction of large quasi-fiscal losses in the energy sector. At the same time, the banker called the recommendation about the flexible rate as the one, which is far from being new.

“This, in particular, would help leveling external shocks, arising from instability of export prices and foreign demand for Ukrainian products, as well as raising gold and currency reserves of the country and preservation of internal producers' competitiveness. In the average-term perspective, we consider that targeting of inflation is a proper basis for the money and credit policy of Ukraine, and preparation for its introduction should be speeded up,” Vacher said.

The already known list of the IMF recommendations was added by another, namely “all -round structural reforms for improvement of the business climate and stimulation of the economy growth.”

Also in the news:

Authorization

Latest news


Photo news

« prev next »
  • Main Department of Patrol Police opens in Kyiv

    Main Department of Patrol Police opens in Kyiv 

  • Donetsk citizens spray paint OSCE, ICRC cars

    Donetsk citizens spray paint OSCE, ICRC cars 

  • Soldiers of 95th Brigade on duty in ATO area

    Soldiers of 95th Brigade on duty in ATO area 

  • Speaker Volodymyr Hroisman meets with EP delegation

    Speaker Volodymyr Hroisman meets with EP delegation 

  • Children vacation in ex-President Yanukovych's residence

    Children vacation in ex-President Yanukovych's residence 

  • 	  Defensive works under construction in ATO area

    Defensive works under construction in ATO area 

  • Ukrainian President has phone talk with Normandy 4 leaders

    Ukrainian President has phone talk with Normandy 4 leaders 

  • National Council of Reforms convenes in Kyiv

    National Council of Reforms convenes in Kyiv 

  • Alexander Hug delivers briefing in Donetsk

    Alexander Hug delivers briefing in Donetsk 

  • Activists hold picket outside Prosecutor General's Office in Kyiv

    Activists hold picket outside Prosecutor General's Office in Kyiv 

  • Arseniy Yatsenyuk, Elmar Brok meet in Kyiv

    Arseniy Yatsenyuk, Elmar Brok meet in Kyiv 

  • Ukrainian flag hoisted in Kyiv 25 years ago

    Ukrainian flag hoisted in Kyiv 25 years ago 

  • Mikheil Saakashvili briefs media at Presidential Administration in Kyiv

    Mikheil Saakashvili briefs media at Presidential Administration in Kyiv 

  • OSCE SMM reps hold news conference in Donetsk

    OSCE SMM reps hold news conference in Donetsk 

  • Protesters show solidarity with political prisoners outside Russian Embassy in Kyiv

    Protesters show solidarity with political prisoners outside Russian Embassy in Kyiv 

  • 	  Chernihiv votes for MP

    Chernihiv votes for MP 

  • 	  Children's military, patriotic summer camp Azovets

    Children's military, patriotic summer camp Azovets 

  • State leaders meet MoD's volunteers

    State leaders meet MoD's volunteers 

  • Zaporizhzhia enjoys Festival of Colours

    Zaporizhzhia enjoys Festival of Colours 

  • Right Sector members give news conference in Uzhhorod

    Right Sector members give news conference in Uzhhorod 

  • Board meeting of Ukraine's Finance Ministry takes place in Kyiv

    Board meeting of Ukraine's Finance Ministry takes place in Kyiv 

  • Believers pray in central Kyiv

    Believers pray in central Kyiv 

  • PM Yatsenyuk pays working visit to Volyn region

    PM Yatsenyuk pays working visit to Volyn region 

  • President attends events marking Kyivan Rus' Christianization, Prince Volodymyr's repose

    President attends events marking Kyivan Rus' Christianization, Prince Volodymyr's repose 

  • Kharkiv mayor appears in court again

    Kharkiv mayor appears in court again 

Partners news