Kyiv expects the arrival of the IMF mission to enable negotiations to receive the next tranche of the loan in early January, said at a press conference on Wednesday, Deputy head of the presidential administration of Ukraine Oleksandr Chalyi.
" The timing (of the IMF mission) accurate I will not name, but we expect that the IMF mission will be to work actively in Ukraine, not even waiting for Christmas holidays January 6-7, i.e. even before this will come, " he said.
Ukraine is in a difficult political crisis, which affects its economy and the public sector, in fact the country is on the verge of default. The government predicts a decrease of the country's GDP by 5% in 2014, in November the Prime Minister Arseniy Yatsenyuk did not exclude the falling rate of 7%. A similar level of decline is predicted and the national Bank of Ukraine. The European Bank for restoration and development assumes that GDP will decline by 7%, Fitch - 5%. The authorities want to improve the situation of foreign borrowing. For 2014, Ukraine received cash assistance from international financial institutions and partner countries in the amount of 8 $ 2 billion.
As said the financial times, the IMF has calculated that Ukraine needs additional fifteen billion dollars for one week to prevent financial collapse. The amount should complement blessed by the Fund earlier than 17 billion dollars to stabilize the budget in terms of political and economic decline. the 1st tranche of the IMF loan at 3, $ 2 billion Kyiv received in may, and the second tranche in the amount of about 1, 4 billion in the early autumn.
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