Yatseniuk: Kiev asks the IMF to approve a loan program for four years

The Ukrainian government asked the IMF Executive Board to approve lending program for four years, said Ukrainian Prime Minister Arseniy Yatsenyuk.
"The program of cooperation with the IMF will enable Ukraine to receive an estimated $ 25 billion, 17 billion dollars - IMF funds for stabilization" - quoted Yatsenyuk RIA " Novosti ". Before Wednesday, the head of the IMF Christine Lagarde said that the international monetary Fund (IMF) and Kiev agreed on the allocation of Ukraine 17, $ 5 billion for a period of four years, said. The agreement between the IMF and Ukraine until approved by the Board of Directors of the Fund. According to Lagarde, the total financial aid package for Ukraine is about 40 billion dollars. On Tuesday, sources close to the negotiations said that the country's "Big seven" and international monetary Fund to discuss the increased aid to Ukraine to 40 billion dollars. If the words of a source of reliable, this means that supporting Ukraine countries and international structures seriously took uttered a month ago, the words of the Minister of Finance of Ukraine Natalia said about the need for emergency financial aid to Kiev. Shortly before the famous financier George Soros was determined necessary to stabilize economic sitali Ukraine to the amount of 50 billion dollars. On Tuesday, the Ukrainian media said that the Prime Minister of Ukraine Arseniy Yatsenyuk at the meeting of the head of the country's Petro Poroshenko with the leaders of the factions of the Verkhovna Rada told about the conditions of the Memorandum signed with the IMF. According to consensus with the IMF, Ukraine need to reduce about 230 thousand public sector Employees, to raise the Price of gas is four to six times, and the retirement age increased to 65 years. When these conditions are met, Ukraine will be able to count on financial help from the international monetary Fund, said the Ukrainian media. Remember, donors expressed disappointment with the progress of reforms in Kyiv. During the work of the IMF mission has uncovered the ancient problem: uncovered lack of state budget, excessive social spending and a complete misunderstanding, thereby quenching the lack of Naftogaz.


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