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Arseniy Yatsenyuk: International financial assistance is directed to fulfil external commitments
09.01.2015 | 17:20
Information and Communication Department of the Secretariat of the CMU

"If world sees that Ukraine fulfill its financial obligations, then investors return to Ukraine, foreign exchange reserves are accumulated, foreign exchange rate is stabilized, the banking system is stabilized, jobs are created and the budget is filled, wages increase, social standards improve", explained Prime Minister of Ukraine Arseniy Yatsenyuk on Friday, January 9, at the session of the Government of Ukraine.

He stressed for Ukraine the program with the International Monetary Fund was important. He reminded that the IMF mission had arrived to Ukraine and started technical consultations, "It wont be easy, as usual. And it is natural. That is why all the ministries should actively cooperate with our partners in the International Monetary Fund, as all the macro-financial assistance is connected with our program with the International Monetary Fund".

The Head of Government was quoted as saying that the Cabinet of Ministers, "was following thoroughly the program with the International Monetary Fund last year, "It was a guarantee that the IMF provided financial support to Ukraine. In case there are reforms that meet our arrangements with the Western partners there is financial aid. No reforms none will just give money to anyone".

He stressed that all the funds received by Ukraine in the framework of an international financial assistance "arent directed to finance the state budget deficit, pensions and wages", "All this goes first and foremost to fulfill our external obligations. It is not us who took $ 40 billion in the past three years - they were taken by Viktor Yanukovych and his former regime. And now it is extremely difficult for us, but we manage to cope with it to repay debt obligations of Ukraine".

"It is a process that doesnt envisage to take someone's money, then to spend it on welfare and not to know who is the next to provide the funds. We must learn how to earn. And with this purpose we need to establish a very solid and strong economic base in the country. This is a task for the Ukrainian Government, we will deal with", said Arseniy Yatsenyuk.

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