Wednesday, June 1, 2011

The International Monetary Fund wants to adjust the program of cooperation with Ukraine

The International Monetary Fund Managing Director Dominique Strauss-Kahn is convinced that it is necessary to make adjustments to the existing program of cooperation with Ukraine or develop a new program. "It depends on the outcome of the mission, which is now located in Ukraine, as well as the government's desire to undertake the necessary reforms," ??- he said in an interview with RIA Novosti. But the last word on the format of cooperation for the Ukrainian government, said the head of the IMF . 'In the interests of Ukraine as soon as possible to resume relations with the IMF, "- he said. Recall that for almost five months between the government and the Fund has been interrupted because of the election. "Much has been done in Ukraine to improve the situation, despite the fact that this situation was difficult for the Ukrainian people," - he said. In turn, Director of the IMF's European Department, Marek Belka, in an interview with RIA Novosti news agency said he did not expect the conclusion of any agreement on the program of cooperation between the IMF and Ukraine on the results of the Fund's mission, which is now in Kiev. "We would like first to meet new people and their programs, and assess what has happened over the last few months, when there was a pause in our relations," - he said. Continued co-operation of the Fund and Ukraine require the Ukrainian government's compliance with several conditions, in particular, to limit the budget deficit. What is not surprising. At the beginning of the mission, the IMF First Deputy Head of Presidential Administration of Ukraine Iryna Akimova said that the IMF wants to limit the budget deficit for this year by six per cent of GDP. According to the Squirrel, it is also impossible to stop the reform of the financial sector and put in order the gas sector. For MVYF important that domestic gas prices were at a level that covers its costs. In addition, the Fund insists on maximum transparency in the gas sector. "The amount now is not discussed, but I think we should discuss the amount of volumes that have been named by the government - about $ 5 billion," - said Akimov. "We recorded the wish of the Government, but this mission must determine what you need, what is possible. We have to look a little further, but it depends on what you need and how the Ukrainian government decided on the continuation of reforms that are necessary", - said Belka Volume existing program for Ukraine is 16.4 billion dollars, of which contributed more than $ 11 billion in three tranches. The fourth tranche of 3.8 billion Ukraine expects to receive in November 2009, but he was not granted because the country was on the eve of elections, the political situation was unstable, the risks were too high.

No comments:

Post a Comment