Gontareva said the slowdown in structural reforms and the threat of losing international finpodderzhki

Attempts to politically destabilize the situation in the country and at any cost to hold early elections has led to a slowdown of structural reforms and threaten Ukraine with loss of support from international organizations, said the head of the National Bank of Ukraine (NBU) Valery Gontareva, reports «Interfax-Ukraine».

The prolongation of the pause in international financial support Ukraine will lead to a loss of reserves, and macro stability – the head of the NBU

«The risk is that the structural reforms necessary to ensure the sustainability of the economy, held in the country getting slower and slower,» she said at a meeting of the NBU Council in Kyiv on Thursday.

Gontareva said that the implementation of reforms already agreed with international donors, among which she highlighted the retirement and land, is inhibited in the Verkhovna Rada.

«Ukraine is facing the threat of losing the support of international organizations», – said the head of the NBU.

She recalled that this year the national Bank has three times changed the forecast of foreign reserves. According to her, the current forecast of 17.5 billion at year end – likely to be revised as a very high risk that Ukraine until the end of the year will not receive the fourth tranche of the EFF program of the International monetary Fund of $ 1.3 billion and the second tranche of the EU macro-financial assistance € 0.6 billion.

The prolongation of the pause in international financial support Ukraine will lead to a loss of reserves, and macro stability – the head of the NBU

The pause in international financial support for Ukraine arising in connection with populist policies of certain political forces and their attempts to achieve early elections, in case of delay further the beginning of 2017 will lead to the reduction of foreign exchange reserves of the country and will create serious risk of the achieved macroeconomic stability, said Gontareva.

«If we continue cooperation (with MFI — ed) early next year, it is not so scary, but if we don’t do that … I want everyone to understand that if today we have reserves of 15.5 billion dollars, then we will start to lose reserves each day,» she said at a meeting of the NBU Council in Kyiv on Thursday.

«The fragile stability, when we live more than one and a half years in a stable macroeconomic situation, we will begin to lose every day», – said the head of the national Bank.

She explained that next year, the national Bank predicts a negative balance of the current account balance of 2.9 billion dollars. In addition, the country will need to pay more than $ 2.5 billion on account of debt service and to repay $ 1 billion of the first tranche of stand-by credit obtained from the International monetary Fund (IMF) in 2014, said Gontareva. She recalled that while the baseline forecast assumes the receipt from the IMF in 2017, four tranches for a total amount of 5.4 billion dollars.

«So flirting with populism and political insinuations – they are rocking our government and macroeconomic stability», – said Gontareva.

She singled out the destructive stance of the party leader «Batkivshchyna» Yulia Tymoshenko, again accusing it of giving fictitious figures.

«It goes way beyond that, and I hope these politicians will answer before the law for all their fraudulent actions and actions for rocking our fragile macroeconomic stability», – said the head of the NBU.

Note, the opposition accuses the leadership of the national Bank of the premeditated bankruptcy of a significant number of Ukrainian private banks, supposedly undertaken in the interests of a few close to the President Petro Poroshenko a billionaire and is widely represented in Ukraine, despite the war with Russia, both public and private banking sector in the country — an aggressor, and, accordingly, calls for the resignation of Gontareva.

«Gontareva brought down the country. 80 Ukrainian banks destroyed, and destroyed people’s savings,» — said the leader of «Batkivshchyna» Yulia Tymoshenko.




Gontareva said the slowdown in structural reforms and the threat of losing international finpodderzhki 24.11.2016

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Ноябрь 24th, 2016 by
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