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  Politics 
17 of April, 19:32

Jaresko: Kyiv is not satisfied with the first sentence of creditors
The first proposal, which Ukraine has received from his creditors, was not satisfied with Kiev, said after a speech at the Institute for international Economics. Peterson in the U.S. capital, the Minister of Finance Natalia Jaresko.
"I would like to see the positive effect was achieved more quickly, But we have what we have" - she said. In her expressions, to date, formed the ad hoc Committee of holders of Ukrainian debts totaling about $ 10 billion of those 23 billion, which are included in the list for restructuring, reports the news Agency." Yesterday already received their offer, their First vision, " the Minister said.- today it does not fit in with our. But even dialogues. Explaining the discrepancy, Jaresko said that the initiative of creditors " includes only a deferral of repayment of debts ". In her expressions, It helps Ukraine with the achievement of only one of the three main goals of the anti-crisis program in this area. Apparently, he was referring to cover the gap in financing for a four-year term.
But there exists another two goals - to provide for payments on the debt does not exceed 10% of GDP per year and that by 2020 the overall level of public debt did not exceed 71% of GDP." The second and third goal, " According to Jaresko, the proposal of the creditors is not responding. The Minister also said that the list for restructuring made " obligations of state-owned banks including Eximbank." We ask for the suspension of the payment scheduled for April 27, " said Jaresko.- This would allow us the most important thing to deal with our sovereign obligations, and then move on ". On the last working day of the week in the evening at Jaresko and other members of the Ukrainian delegation held a meeting with investors and also the representative of the IMF. The question also here the Fund, if he is in negotiations about liability is not involved, the Minister replied: "Yes, But he sets the programmatic characteristics ". Talking about Russian trimelliate loan to Kiev in a conversation with media professionals did not come. Before Jaresko told the American media that he considers this loan commercial - " like the London club debt ". It is known however, that the loan is available at concessional rather than commercial terms. During the presentation Jaresko said that the restructuring of Ukrainian debts will involve extending maturities, cutting coupons and reduction of principal. In her expressions, " restructuring plans set in stone ": they will not change and will be finished within the agreed IMF terms." We will not repeat the mistakes of Argentina, " said the Minister, referring to the protracted delay in resolving the debt issues. Jaresko was trying to keep his optimistic and confident that creditors will be able to come to a common opinion, as they understand that " It is in the common interest ". April 9 was declared that the Committee of private creditors, consisting of five largest holders of bonds of Ukraine worth $ 10 billion, will speak against the write-off of principal. Remember, the Bank faces default. The only way out of this situation - the consent of the holders of Eurobonds for the sum of 750 million dollars to extend the period of redemption of these securities. Before the head of the Ukrainian Finance Minister Natalie Jaresko has urged lenders to "forgive" Ukraine for over fifteen billion of debt. At the end of March Jaresko said that the West must provide Ukraine with additional financial assistance in addition to the package at $ 40 billion, as the country is bankrupt will cost more." I firmly believe that "seven" and, frankly, also the "Group of twenty" at the present time have a responsibility to provide monetary assistance to Ukraine on a larger scale, " - said Jaresko.


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  Headline 
The Central Bank expects a sharp increase in public sector wages

23 of April, 12:04

In 2018, the average remuneration of employees of budget organizations may grow by 13-15% and exceed projected inflation of 3 and a half times. About it reported in the review of the Central Bank " have declared the trend ".

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