SyuzhetyRossiyskie loans SNG02.04.2009Minsk countries continue to demand that Moscow promised kreditAntikrizisnye loans MVF02.04.2009Meksika MVFUkrainskoe requested assistance from the Government is negotiating with the World Bank on a loan of half a billion dollars, which requires the country to cover budget deficit. This statement was made by Deputy Finance Minister Andrei Kravets of Ukraine, UNIAN transfers.
As reported earlier, President Victor Yushchenko, the budget deficit for 2009 is 80-85 billion hryvnia or 7,5-8 per cent of GDP. In mid-March, the former Minister of Finance of Ukraine Victor Pinzenyk estimated the budget deficit for the current year of 10 per cent of GDP.
Meanwhile, at the end of 2008 the Verkhovna Rada adopted the state budget, a deficit which amounts to 31,105 billion hryvnia (about three percent of GDP). In early March, it became known that Viktor Yushchenko has agreed with Prime Minister Yulia Tymoshenko that in April-May, the budget will be revised. It is anticipated that after the revision of the budget deficit will be 3.1 percent of GDP.
Remember, in early February, Tymoshenko appealed to the ambassadors of the Group of Seven "(G7) for help in talks on a loan to cover the budget deficit. Then, Tymoshenko said that for this purpose the Ukrainian side should be five billion dollars. The same amount, as reported, Ukraine asked Russia in early March. While the Russian side solutions are not accepted for a loan.
In autumn 2008, Ukraine also agreed to obtain the stabilization loan to 16.5 billion dollars from the International Monetary Fund (IMF). The first tranche of a loan of 4,5 billion dollars has already listed the Ukraine, but a condition for receiving the second tranche, at the request of the IMF, was to be a budget in which the deficit would not exceed one percent. In addition, instead of the planned growth of the country's GDP in the 0.4 per cent of the Ukrainian side had to rely on the decline of 8 per cent, but the projected inflation rate of 9.5 per cent needed to build on the target of 16 per cent.
April 8, it became known that mission arrived to Ukraine IMF to resume talks with the Ukrainian authorities on the allocation of the next tranche of loan crisis. External loans are required the Government of Ukraine since the country's economy suffered from the global financial crisis stronger than any other in Eastern Europe. Thus, the volume of industrial production in January 2009 fell by more than a third compared with January last year, while the probability of default state of Ukraine is estimated at 40 percent.
Thursday, April 9, 2009
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