Kiev fails to pay for the debts of the reserves of the national Bank, the IMF agreed
International monetary Fund (IMF) on the last working day of the week agreed that Ukraine is unable to use its reserves of the national Bank for the payment of debts to creditors, the Agency reports citing the message of the managing Director of the IMF Christine Lagarde.
last week the Ministry of Finance of Ukraine said that representatives of the Ministry of Finance in the course of a telephone conversation with special creditors ' Committee are unable to reach agreement on debt restructuring. In the message of the Ukrainian Finance Ministry noted that the initiative of the Department is unacceptable, as it implies the application for payment of the debts of the reserves of the national Bank, " what has become apparent failures of the law of Ukraine ".
According to Lagarde, the reserves of the national Bank of Ukraine " does not have the ability to be used to service sovereign debt without the government (Ukraine) new debt ".
New credit IMF program for Ukraine provides for the allocation of Fund 17, 5 billion dollars, and all international creditors over four years - $ 40 billion, including the fifteen billion through debt restructuring.
under the terms of the IMF Ukraine should implement economic reforms. IMF specialists offer the Ukrainian government to focus on the reform of the revenue side of the budget, energy, industrial sector, as well as in the areas of education and health.