Danyluk assured that Ukraine will not have to work off the IMF loans
Ukraine does not have to “work off” loans that had been provided to the international monetary Fund.
About this on air of the talk show “Right to Vlad,” on the channel “1+1” said the Minister of Finance of Ukraine Alexander danyluk.
He said that the cooperation program between Ukraine and the IMF are intended to bring the country out of crisis to a situation when the Ukrainian economy is competitive and needs no help from external creditors.
“We will not “work out” the loans we are dealing with changes in the economy, implementing significant reforms that will make our economy stronger. And then we just need to get these loans. These changes are being made, they are made at the IMF, they are made for Ukrainians”, – said danyluk.
The Ministry of Finance of Ukraine published the full text of the Memorandum with the IMF
We will remind, the Board of Directors of the International monetary Fund approved the allocation of Ukraine the next tranche of 1 billion US dollars. The national Bank stressed that it is “a confirmation of the success of reforms aimed at creating a more robust and stable financial system and the economy. It is the most successful IMF program in the history of Ukraine”.
Tranche in the amount of $ 1 billion will be added to the international reserves of the national Bank.
The allocation of the next tranche means that both parties adhere to their obligations, and the Fund welcomed the reforms, which are implemented in Ukraine.