Sobolev encourages Ukraine’s partners to stop the allocation of tranches: «You give an alcoholic alcohol»

The head of the Verkhovna Rada Committee on preventing and combating corruption Yegor Sobolev (faction «Samopomich») shares the opinion of the managing Director of the International monetary Fund Christine Lagarde about the threat of granting Ukraine the next tranche of the IMF due to slippage the anti-corruption work in the country.

«I completely share the approach of the head of the International monetary Fund», — quotes the Deputy «Interfax-Ukraine» on Thursday, 11 February 2016.

The head of profile Committee noted that the long warned the international partners of Ukraine: «don’t give us money until they (officials-corrupt officials — ed.) steal. It’s crazy. You give an alcoholic alcohol!».

According to him, Ukraine has huge reserves to stabilize the budget, balance of payments, «to live according to our income».

«Indeed, in times of crisis need the help of international institutions and IMF support is of great importance from the point of view of the stability of the exchange rate (hryvnia — ed.), but most of all, the exchange rate stability will be ensured when the kleptocracy will stop and start a real economic policy, including promotion of business, to reduce the role of government in the economy, reducing taxes is what we need to demand», — said Sobolev.

He noted that Ukrainian officials are constantly being deceived, «as we and the IMF, saying that please bear with me, we will pokladem, and then will come a brighter future — it never comes!».

As reported previously the managing Director of the IMF Christine Lagarde said that the international monetary Fund is concerned about the situation in Ukraine, weakening of the public administration reform and the lack of effective fight against corruption. In this regard, the Fund may suspend the program of cooperation with Ukraine, because it will be very difficult to implement it.

According to Lagarde, the government of Ukraine risks repeating the past experience of the collapse of the reforms. «Ukraine risks return to the time of the failure of the reforms that the country has experienced in recent history. In this regard, it is important that the leadership of the country returned to Ukraine on a promising path of reform», — said the head of the IMF.

In March 2015, the IMF approved the program of crediting of Ukraine’s economy using the mechanism of the eff (Extended Fund Facility — EFF) for a total volume of 17.5 billion dollars a period of 4 years. The first tranche under the new program in the amount of $ 5 billion. Ukraine received March 13, the second at $ 1.7 billion — August 4, 2015.

The second revision of the programme took place for Ukraine in two stages. The Foundation’s mission was working in Kyiv in September last year and October 2, 2015 suspended negotiations due to the necessity of local elections, as well as discussions within the country on tax reform and the draft budget for 2016. In November, negotiations resumed.

Currently Ukraine and the IMF agree on a report on the progress of reforms and the Memorandum of the second revision of the programme and further action of the parties, which will consider the Board of Directors of the Fund. Parties discuss a wide range of issues in the second review of the cooperation program, which includes various aspects of monetary, banking, anti-corruption policy, pension reform and privatization.

Sobolev encourages Ukraine’s partners to stop the allocation of tranches: «You give an alcoholic alcohol» 12.02.2016

Февраль 12th, 2016 by
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