Ex-Chairman of the Board of the national Bank of Ukraine: Kiev unscrews the hands of creditors
M the rules, or in the Ukraine will be declared a default, a former Deputy leader of the Council of the NBU Yuri poluneyev....

The current official strategy for the restructuring of the Ukrainian debt looks like a "hand-wringing" any international creditors accept Kiev's rule, or in the Ukraine will be declared a default, a former Deputy leader of the Council of the NBU Yuri poluneyev.
according to current forecasts, the GDP of Ukraine by the end of 2015 may be reduced by 6-12 %, while the inflation rate to exceed 40 %. The economic prospects of the state depend on the outcome of internal political conflicts and behind-the-scenes battles " of the oligarchs.
Even fitness international monetary Fund (IMF) to provide assistance to Ukraine did not convince investors that the country will soon be able to become solvent. Lack of confidence is demonstrated by the lower international rating Agency Moody " s sovereign credit rating of Ukraine, says the economist.
under the new credit program, the IMF allocates Ukraine, 17, 5 billion dollars, the 1st tranche of this amount, $ 5 billion was provided to the country in March. It is expected that in total, under the auspices of the Kiev will give 40 billion. This amount will include fifteen billion debt restructuring. However, until now not been voiced Very important rule restructuring. Moreover, the Ukrainian Finance Ministry warned Of possible significant losses for creditors. If the Ukrainian authorities and international organizations in the near future will not come to an agreement, the IMF may revise the program of assistance to Kiev in June, writes Yuri poluneyev.
Require a very different approach to the restructuring of the Ukrainian debt, not to undermine the confidence of international credits and More acceptable to the state in crisis. Review of ex-Deputy leader of the Council of the national Bank, the IMF and Ukraine are obliged to take a number of General measures to alleviate the situation of the country. The Fund should revise policies for the provision of the next 5 million tranche, Ukraine needs more time to come to a consensus with creditors On More balanced terms of debt repayment and restructuring. In addition, investors could be invited to use the program of debt exchange for shares (in the framework of the state program of privatization - approx. Ed.). Similar schemes were used in the 1990-ies in parts of Latin America to reduce public debt, the economist stresses.
The Ukrainian authorities are under a duty to work to increase the recovery of internal funds coming, for example on attracting investors, although without serious safeguards for individuals to achieve achievements this impossible. Also, Ukraine should actively pursue market reforms, which are aimed at increasing exports, improving the mechanisms of financial regulation and taxation and wage battle against illegal activities of officials, I'm sure Yuri poluneyev.