The European Bank for restoration and development (EBRD) plans to invest in 2015 to about $ 1 billion in the Ukrainian economy, as well as among them, in the gas sector, through the implementation of the reforms Kiev, said the head of the EBRD Suma Chakrabarti.
"Good laws are good and truth, if they are enforced and implemented," - said the head Chakrabarti." We aimed to (investing) an estimated 1 billion dollars, but it completely depends on the implementation of reforms, and for this reason has the ability to be less, " he said. According to his statement, loans and investments of the Bank have the opportunity to go to areas requiring special attention: in the energy and banking sector, and reform of the courts, reports Reuters.
The EBRD, together with other international financial institutions will meet with authorized Ukrainian Ministry of energy to discuss the lending of gas supply." discuss the upcoming week will be crucial. We must also develop a related reform, " said Chakrabarti. According to him, if Ukraine will fulfill the required tasks, the main part of the planned 1 billion will go into the energy sector. At the same time, the government until now has not fulfilled the promise to split Naftogaz into separate enterprises that manage production, sales and transportation of fuel. Reforming the banking sector, Ukraine over the last 18 months has shut down over 50 credit institutions, reducing the total number of institutions to 114. Chakrabarti said That Ukraine is " to present, too many credit organizations, some of which, in our opinion, are the personal piggy banks of oligarchs ". Review EBRD President, the Ukrainian economy is not more than 50 lending institutions." What affects us, it is a necessity (stable) of the macroeconomic situation... And debt restructuring is a part of it. Ukraine is overloaded with debt and need relief (debt relief), " said he. It was announced yesterday That the international monetary Fund (IMF) and Ukraine reached agreement on the level of experts on the allocation of Kiev loan in 1, 7 billion. The day before, Deputy head of the National Bank of Ukraine (NBU) Dmitry Sologub stated That Kiev has fulfilled in practice all the requirements of the international monetary Fund (IMF) to continue lending. As reported by the print edition OPINION, on Thursday the President of Ukraine Petro Poroshenko was presented with a draft law on ratification of the Memorandum, according to which the EU will give Kiev more 1, 8 billion euros in credit. Along with this, the Prime Minister Arseniy Yatsenyuk said That Ukraine is not able to afford to pay for servicing the debt, accumulated over three years.

sections: Politics