Ukraine has fulfilled only one condition of the IMF – the head of the Council of the national Bank

Ukraine has fulfilled only one condition of the IMF – the head of the Council of the national Bank

© National Bank of Ukraine


June 26, 11:28

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The country will face default and a financial catastrophe.

The only condition is that Ukraine has not fulfilled in the framework of cooperation with the IMF, is to increase gas prices for the population.

This was stated by the Chairman of the Board of the National Bank of Ukraine Bohdan Danylyshyn in the air “5 channel”.

“In fact, among taken by Ukraine of the obligations not fulfilled it remains only the matter of price relative to the prices of gas for the population. But now intensively working with our expert group of experts from Ukraine and experts from the IMF. I think that in this direction there are still some shortcomings on the part of the government of Ukraine”, – said Danylyshyn.

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He said that the Cabinet of Ministers should develop a road map on raising gas prices, to prevent impact on the population. That is, the increase of gas tariffs should take place gradually, stage by stage.

Also Danylyshyn noted that with the increase should generate a compensation mechanism, that is to introduce subsidies for certain categories of the population.

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The head of the NBU Council has assured that Ukraine is on the verge of default or financial disaster. The country did not receive money from the monetary Fund from April 2017, but is able to cope with their obligations.

We will remind, the Chairman of the National Bank Yakov Smoliy sure that Ukraine will be able to pay the debt obligation by the year 2020 without external funding, including without IMF loans. Supposedly, there are sufficient international reserves.

  • Ukraine
  • NBU
  • National Bank
  • IMF

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