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  Politics 
13 of June, 01:31

The IMF can continue to help Ukraine without agreement with creditors
International monetary Fund (IMF) may continue to provide Ukraine with monetary assistance in the absence of agreement between Kiev and creditors, according to a report by the managing Director of the Fund Christine Lagarde published on it.

according to the statement, the rapid completion of the restructuring of the Ukrainian debt is vitally necessary for the success of the program of financial assistance to Kiev since Ukraine lacks both the resources needed to service public debt in the initial conditions.

"The IMF in General welcomes primary voluntary agreement on debt restructuring, but if the issue of settlement with private creditors is not settled by negotiation, and if the country stated that it can't service the debt, can According to the IMF's policy of lending to countries in arrears to grant Ukraine a loan ", - is informed in the report Lagarde.

She agreed that 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 ".

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 ".

The IMF Executive Board in March blessed new program of financial assistance to Ukraine, providing for the allocation of Kiev Fund 17, 5 billion dollars, and all international creditors over four years - $ 40 billion, including the fifteen billion through debt restructuring. Then the Ukrainian authorities have initiated conversations with creditors to restructure its debt, but Russia on the issue was not addressed.


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.

Economist Paul Nefedov:

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.

Economist Paul Nefedov:


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