The IMF stands ready to adjust the rules of cooperation with Ukraine
International monetary Fund is ready to adjust the rules of cooperation with Ukraine, said the Commissioner of the IMF in Ukraine Jerome Yours in the process Lviv financial forum.
" Everything will be depending on the situation in the country and Ukraine's readiness to execute the advice of the IMF, " quoted Your Ukrainian financial magazine FinMaidan.
He said that the allocation of the second tranche was delayed one month. In the end, at the request of the government, the Fund has combined the following two tranches of the loan Ukraine and plans to revise the Outlook on the economic situation in the country at the end of December after the election.
before the IMF planned to revise the forecasts in October." The current program includes nine trenches, however, We may reconsider depending on the situation. We don't know how it will develop further conflict in Ukraine, but We are ready to respond quickly to the changing conditions, " explained Yours.
However, He noted that a common strategy on Ukraine Fund to reconsider does not want." We expect that Ukraine will continue to adhere taken on their own shoulders obligations. We have adapted certain points of our program to new realities. For example, discussions with the government of Ukraine changes in fiscal policy. Together seek compensatory measures that will provide an opportunity to reform, " said He.
first Deputy Finance Minister Sergei Storchak said that Ukraine will not be able to fulfill the rules of the stabilization program (stand-by), agreed with the IMF, and its adjustment is inevitable. However, He noticed that the Russian Federation does not want to obstruct the allocation of aid to Ukraine from the IMF.
The 1st tranche of IMF loans at 3, $ 2 billion Kyiv received in may, the second - 1, 4 billion in the early autumn. A total difficulties IMF blesed the allocation of Ukraine of 17 billion dollars to stabilize the budget in terms of political and economic decline, and the total amount of payment from the IMF, the world Bank and a number of countries, helping Ukraine loans, should be 30 billion dollars. The IMF has warned that Ukraine lacks 3, $ 5 billion in funding commitments before the end of the year. Also, according to the IMF, the continuation of the conflict in the South-East of Ukraine is complicated by the fact that the country will need another 19 billion payment.
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