SyuzhetyAntikrizisnye loans MVF25.03.2009MVF open "flexible line of credit" The mission of International Monetary Fund (IMF) will resume its work in Ukraine next week, transfer agency UNIAN referring to the statement made by President Viktor Yushchenko.
President of Ukraine also hopes that in the coming weeks Kiev will be able to resolve the issue of granting Ukraine the next tranche of IMF credit.
The IMF agreed to grant Ukraine a stabilization loan of $ 16.5 billion in early November 2008. Under the agreement, Ukraine received the first tranche of the loan in the amount of 4,5 billion dollars in November last year, and the second installment was due on Feb. 15, 2009. But the second tranche of Kiev had received.
The IMF delegation, which was from January 21 in Kiev, Ukraine, left, stating that it was unable to agree on a number of issues with the Ukrainian government, and date of meeting of the Board of Directors of the IMF, which must be decided on the allocation of Kiev is the second part of the loan, moved for an indefinite period .
It is believed that the IMF has not made a size of the deficit, which was founded in the budget of Ukraine for 2009. It was expected that the revision of the budget in May 2009. In addition, the Government of Ukraine has made some changes to the regulations of Cabinet and the National Bank of Ukraine, as well as to the law on state budget, which were needed for the second tranche of the loan.
Recall that the Ukrainian economy is stronger than any other Eastern European countries affected by the global financial and economic crisis. In late February, the international rating agency S & P downgraded Ukraine's sovereign debt rating to "CCC +", which is seven steps below investment-grade. The reason for lowering the rating was the instability in the economy and the difficulty in obtaining the next tranche of loans from the International Monetary Fund.
In February 2009, State Statistics Committee of Ukraine refused to publish monthly performance indicators of GDP, saying that now would do so once a quarter.
Wednesday, March 25, 2009
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