Yatsenyuk told how to overcome inflation in Ukraine

Prime Minister of Ukraine Arseniy Yatsenyuk stressed that to overcome inflation in Ukraine is possible through reforms and cooperation with the International monetary Fund, and this requires the unity of political forces, President and the government.

He said this in his traditional monologue of «10 minutes with Prime Minister».

The head of government stressed that today the world is facing new economic challenges. The fall in oil prices provoked the fall of industrial production in the world’s largest economies, primarily China.

«It certainly has an impact on the European and us economies. Ukraine is part of the global economy. And so we have to seek a way out of this difficult situation,» he added.

According to Yatseniuk, in the first place, economic stability is price stability, «when prices do not grow tanks pace.»

«Last year we were faced with this problem, and the rate of inflation were almost 45%. This year we need to tackle runaway inflation. We have set a target of 12% inflation in 2016», — he said.

Yatsenyuk stressed that this can be achieved, if further economic reforms and if Ukraine is to remain in the program with the International monetary Fund.

«This requires the understanding of all political forces, parties, the President of the country, government and our community to walk this path of reforms,» he said.

In addition, he noted that resource to run the Ukrainian economy, it is primarily internal sources from the banking sector.

Yatsenyuk recalled that he conducted a discussion with leaders of Ukrainian banks and the National Bank on this issue.

«Small and medium businesses need long and cheap loans. And the stability of the banking system is collateral,» he said.

According to Yatseniuk, «an extra pillow» for economic stability gives cooperation with the International monetary Fund, the world Bank and other international financial institutions.

We will note, earlier the key creditor of Ukraine international monetary Fund expressed concern over the situation in Ukraine, weakening of the public administration reform and the lack of effective fight against corruption.

Yatsenyuk told how to overcome inflation in Ukraine 14.02.2016

Февраль 14th, 2016 by
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