WB: Kiev five hundred million dollars is under threat

The allocation of Ukrainian Naftogaz five hundred million dollars from the world Bank for the pumping of gas is under threat due to delays with the adoption of the tax reform, said WB Director for Ukraine, Belarus and Moldova Qimiao Fan.
"We currently are preparing five hundred million dollars guarantee for Naftogaz to buy gas that the Ukrainians had a gas safety and reliability of supply in the framework of this winter. But I think all of these efforts now under threat due to the constant delaying of consensus on tax reform during the budget preparation for 2016, "said the Commissioner of the WB, RIA" Novosti ".
"Macroeconomic stability is important for the survival of Ukraine? very Important that the Ukrainian authorities - the government, the presidency and the Parliament came together to agree on tax reform. It is important that the authority reach agreement on a balanced budget by 2016, without this Macroeconomic stability will be threatened, " said Qimiao Fan. Naftogaz planned to get a WB loan in the amount of five hundred million dollars for the pumping of gas until the end of the current year. Kiev is considering the possibility of using this money to purchase as well as among them natural gas from Russia. However, in November it was declared that "Naftogaz of Ukraine" and the world Bank due to technical issues have the ability to not be able to reach this year's consensus for the loan in the amount of five hundred million dollars. As announced on Sunday by Prime Minister of Ukraine Arseniy Yatsenyuk, the Cabinet of Ministers of Ukraine of December 9, approves the draft state budget for 2016 and tax reform, and before that they will be considered at the meeting of the national Council of reforms under the leadership of President Petro Poroshenko. On October 23, Ukraine and the EBRD signed an agreement on the Allocation of Kiev 300 million dollars for the purchase of gas on the Western border. On the same day, Yatsenyuk said that Kiev until the end of the year in total need for gas injection into UGS 1, 3 billion dollars.


sections: Politics