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Arseniy Yatsenyuk claims IMF program envisages indexation of incomes relevant to the economic situation and price growth
14.02.2015 | 14:23
Information and Communication Department of the Secretariat of the CMU

The program with the International Monetary Fund firstly envisages indexation of incomes of the population, depending on the economic situation and a price growth rate. This was announced by Prime Minister of Ukraine Arseniy Yatsenyuk at a Govt meeting on Saturday, February 14.

"We should act vigorously to ensure - in the territories fully controlled by us, where the Ukrainian government bears full responsibility, where the Ukrainian business operates - the business could improve, workplaces were created, taxes paid and an investor, who is very careful to Ukraine nowadays, primarily under the influence of the military conflict with Russia, could come back and start investing money," he explained.

Arseniy Yatsenyuk reminded that the total amount of funds to be granted to Ukraine as a repayable financial assistance for four years, makes up 25 billion US dollars, of which 17.5 billion US dollars are provided by the International Monetary Fund and the rest of funds by the United States of America, the European Union, the G7 states and other international partners of Ukraine, who are ready to help stabilizing the economic situation".

As for the number announced by the Managing Director of the International Monetary Fund Christine Lagarde, the Head of Government stressed an additional sum of USD 15 billion, "implies not cash, but an additional funding that may occur resulted from the proper management of the state debt of Ukraine", This issue is for us to deal in the future.

 

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