IMF: Ukraine and its creditors are obliged to reach agreement on the debt

Dmitry Zlatarev. International monetary Fund (IMF) on the Last working day of the week expressed the hope that Ukraine and its creditors reached an agreement on the debt until after the next assessment assistance program Fund.

"The authorities and the holders of sovereign debt must continue efforts to reach agreement before the next assessment of the program," said 1st Deputy head of the IMF David Lipton. According to his statement, " if dialogue with private creditors will stall and Ukraine decide that can't service its own debt, the Fund will be able to give her the loans in Accordance with its own special program, he said.

While Lipton noticed that Kiev ought to make efforts to battle illegal activities of officials to improve the business climate and reforming the state-owned factories ".

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:.


sections: Politics