Danyluk: When we think about the future, it is wrong to count on the support of the IMF. Why would the government?

In the future, Ukraine should not expect loans from the International monetary Fund (IMF), told Finance Minister Alexander danyluk in an interview ZN.UA.

«Now the IMF plays a very important role for the development of Ukraine. But I also understand that in the future we should not count on the IMF. This is a weak position. The IMF does programs for 10 years, he supported the country in a difficult period that she had the opportunity to get out of the crisis, stabilize the economy at a time when private investors are not interested in the country and no one supported it, and any tools, in addition to IMF financing, is not working. But when we think about the future, it is wrong to count on the support of the IMF. Why would the government? What are we doing here?» he said.

Danyluk said that the IMF assistance is loans that must be repaid.

«Our entry into the markets of foreign borrowing shows about trust of investors, Yes. But if we stop to go through the reforms, we will not support neither the IMF nor the market investors. Yes, we’ve done a lot already, but the situation is still fragile. We have a huge part of the reforms is not completed, and there are important reforms that we haven’t even started, pension, medical, land. We even Service of financial investigations is still not created,» – said the Minister.

Ukraine and the IMF signed a Memorandum of economic and financial policies which the country should undertake in the framework of the EFF in March 2015.

In April 2017, the Fund has allocated Ukraine the fourth tranche of $1 billion.

The last fifth tranche of financial assistance was scheduled for June–July 2017.

In July, Prime Minister Vladimir Groisman reported that the next tranche of financial assistance for Ukraine from the IMF in the amount of $1.9 billion will be deferred until the end of 2017.




Danyluk: When we think about the future, it is wrong to count on the support of the IMF. Why would the government? 30.09.2017

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Сентябрь 30th, 2017 by
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