Thursday, February 12, 2015

IMF grants to help Ukraine. 17.5 billion dollars on reform – Money.pl

IMF grants to help Ukraine. 17.5 billion dollars on reform – Money.pl

2015-02-12 11:06

The International Monetary Fund has decided that it will give new support for the reform of the government in Kiev. Money is to be granted under the so-called four-year program. expanded funding. Information about this passed on Thursday, Prime Minister Arseniy Yatsenyuk.

It also confirmed at a press conference in Brussels, the head of the IMF, Christine Lagarde, who said that in four years Ukraine could receive up to $ 40 billion support.

Conversations completed, now we are waiting for a formal decision of the Board of Directors of the IMF – Yatsenyuk said.

He estimated that the new program will give the country the opportunity to obtain from other international partners, additional measures of a total of 25 billion dollars. The Prime Minister said that this will allow Ukraine to stabilize its financial position.

Yatsenyuk predicts that the implementation of a new program of cooperation with the IMF will lead to a renewal of economic growth in Ukraine already next year. We expect that if the program will be implemented successfully, and if it comes to halt Russian aggression in 2016. Ukrainian economy will increase – he said.

The IMF mission in Kiev conducted negotiations on the next tranche of aid to Ukraine on January 9.

In April of last year IMF announced a rescue package for Ukraine in height. $ 17 billion for the period until 2016. A condition of the assistance program, which is to ensure the restoration of macroeconomic stability and economic growth is the introduction of the Kiev economic and administrative reform.

Without additional measures would sharply cut Kiev budgetary expenditure or suspend the debt service. Since April, when he began the rescue program, Ukraine received $ 8.2 billion from the IMF and other international lenders.

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