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  Politics 
3 of November, 19:33

Finance Ministry: Ukraine has reached a very fragile macroeconomic stability
Ukraine has achieved macroeconomic stability, but still fragile, the country now has no access to external markets and depend on lending, says the head of the Ministry of Finance of Ukraine Natalie Jaresko in the publication

"as a result of hard work of the government, the President, coalition and National Bank of stability we finally were able to achieve. At the same time, this macroeconomic stability is still fragile: we have until now No access to external markets. There is not much cushion in the form of stocks. Absent a well - functioning banking system, " Jaresko wrote in his article.

She also emphasizes that not yet solved all the problems of structural imbalances in the economy, which leads to the existence of a significant hidden deficit.

the head of the Ministry Also noted that Ukraine has until now heavily dependent on lending from international partners, most importantly the international monetary Fund, as providing all other loans tied to the fulfillment by Ukraine of the IMF program.

"Therefore, carrying out reforms or formulating its policies in any sphere, Ukraine has no right to risk macroeconomic stability," Jaresko stressed.

A severe Crisis of political power affects the economy and the budget sphere of Ukraine. International lenders in autumn downgraded their forecasts for GDP growth of the country in 2015. So, the IMF now expects the fall of GDP of Ukraine In the current year by 11% instead of 9%, world Bank - 12% instead of 7, 5%. In this case, and the authorities of Ukraine and International financial institutes expect recovery of the economy in 2016.


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