The IMF assistance is
a key to ensure economic growth, increasing revenues of the State Budget, which
will provide an opportunity to reconsider the social standards and improve them,
create new jobs, stabilize the economy, reinforce export performance and to settle
the exchange rate, said the Prime Minister of Ukraine Arseniy Yatsenyuk at a
Government meeting on Wednesday, March 11.
Arseniy Yatsenyuk reminded
that in a few hours Washington would host a meeting of the Board of Directors
of the International Monetary Fund and an issue of granting financial
assistance to Ukraine would be raised, "Ukraine has signed with the IMF a
comprehensive and wide-ranging reform programme. All the preliminary activities
under this program have been executed by the Ukrainian Government, the Parliament
and approved by the President”.
"We are looking forward
to a positive resolution of the Board of Directors of the International Monetary
Fund", stressed the Head of Government.
The program with the
IMF is designed for four years and provides funding worth 25 billion dollars,
the money can't be spent on social benefits, pensions and salaries. The money
cannot be applied directly to the improvement of living standards. But these
money appear the pledge of growth of the Ukrainian economy, we will up the
revenues of the State Budget, and it will give us a chance to review the social
standards towards improvement, create new jobs, stabilize the economy, reinforce
export performance, to settle the exchange rate, that has been partially stabilized
- and to gradually restore boost of the country's economy", stressed Arseniy
The Prime Minister promised
that the Ukrainian Government would inform about the outcomes of the IMF Board’s
meeting immediately upon its completion.
"This is one of the essential
economic and financial issues that concerns the whole
world, it is to help Ukraine to survive under conditions of the Russian
military aggression and to do everything for Ukraine to become part of the
European Union, to overcome the toughest military, financial, economic and
social challenges, we are facing these days," added Arseniy Yatsenyuk.