Take advantage of the international reserves of the national Bank of Ukraine For payment of debts of Kyiv impossible, said the managing Director of the IMF Christine Lagarde. "International reserves of the NBU does not have the ability to be used To service sovereign debt (countries) without the government did not take fresh debt, but such action would be inconsistent with the so-called" debt transaction ", - reported in circulation IMF. The story is about the program, completion of which the Fund expects to fly the current year, which became the main part of the package of anti-crisis international assistance to Ukraine, estimated at approximately $ 40 billion over the next four years. The contribution of the Fund is 17, 5 billion dollars, reports news Agency. It is planned to write off the debts of Ukraine allegedly by fifteen billion dollars. Dialogues of the Ukrainian government with creditors regarding the restructuring of debts as long as do not succeed, although the Bank agreed to restructure the bonds in the amount of 1, 3 billion dollars." ultimately, the ability of repayment of Ukraine's debt is limited to its financial potential, " said Lagarde. In her expressions, "the IMF attaches great importance to the fulfillment of the three objectives "debt operations" by the Ukrainian authorities. Among them, the managing Director highlighted " savings fifteen, $ 3 billion in the public sector over the period of the program, reducing the public debt no higher than 71 percent of GDP by 2020 ", as well as the maintenance of the General financing requirements of the budget on debt operations is Usually at 10% of GDP (a maximum of 12% of GDP per year) in 2019-2025. "To ensure economic and financial stability, these objectives must be achieved by maintaining the strong position of international reserves in the medium term," said Lagarde. Anyway, she said that the Fund can still provide Ukraine with additional financial assistance." The IMF, in General, supports the agreement on debt restructuring, but in that case, if the resolution of this issue through negotiations with private creditors will not be achieved and the country decides that she will not be able to service its own debt, the Fund may grant Ukraine a loan, " said she.
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