Prime Minister of
Ukraine Arseniy Yatsenyuk
and members of the Government are holding a meeting with the representatives of
member companies of the American Chamber of Commerce in Ukraine and the
European Business Association.
meeting, the PM has noted that economic growth is impossible without new
"In order to
attract new investments, we have to keep the current. And the best advocates of Ukraine,
the best advertising for future foreign investors in Ukraine - it's you. These are those people
who have invested in the country today. These
are those people who can prove that Ukraine is a success story, in which you
have to invest," he addressed to the representatives of the American
Chamber of Commerce and the EBA.
He has emphasized
that one of the main challenges facing the Cabinet of Ministers is the
stabilization of the financial system: "This task is being performed due
to the fact that we together with our partners from the IMF worked out a clear
action plan, and every item of the action plan is being implemented by the
Ukrainian Government. We
are actively working with our Western partners in the framework of cooperation
with the International Monetary Fund, World Bank, as well as with the European
Investment Bank and the EBRD."
Arseniy Yatsenyuk has pointed out that the Government managed to do
much in terms of fiscal and financial stability of the state budget, "But
there is a very big challenge ahead - the
restructuring of private debt. The Government of Ukraine and the
Ministry of Finance and the Minister personally are sweating over this."
now afford to service those debts that were accumulated primarily over the last
three years, when Ukraine received $40 billion. The total amount of funds needed to
service external debt equals our military spending. 5%
of GDP we are spending on national security and defense, and 5% we have to
spend on servicing foreign and domestic debt of the country," Arseniy Yatsenyuk said.
restructuring should be a guarantee of financial stability of the state,"
the Prime Minister highlighted.