IMF: Ukraine's authorities have launched reforms, but much remains to be done
Dmitry Zlatarev. The Ukrainian authorities "have made a good start in implementing its economic program, "but they" are still expected to undertake serious structural and institutional reforms to address imbalances ". With this assessment of the situation spoke on the Last working day of the week 1st Deputy head of the international monetary Fund (IMF) David Lipton.
He advocated " maintaining appropriate tight monetary policy." Along With this, in his vision, " critical is the formation of foreign exchange reserves "." as rooting disinflation, monetary policy measures are able to be gently eased to support economic activity, " added Lipton.
authorized the IMF said that " the Ukrainian Authorities recognize the need for fiscal discipline to reduce risks and strengthen public finances ". He advocated that " a serious political support should help fiscal consolidation and reform of the energy sector ".
"at the same time, the restoration of stability on debt will require full implementation of debt operations in Accordance With the objectives of the program" assistance of the IMF, said Lipton.
Severe Crisis of political Power affects the economy and the public sector of Ukraine, in fact the country is on the verge of default. In the country increases unemployment, the national currency over one year fell by more than 3 times. In the end, according to the Ministry of Finance of Ukraine, in January 2015 the average salary in the country amounted 3455 hryvnia, or about $ 160. This is one of the lowest figures in the EU. The latest IMF forecast for the economy of Ukraine for 2015: GDP decline by 9%, inflation at 46%.
Zakhar Vinogradov:.
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