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Arseniy Yatsenyuk: Ukraine expects about USD10 bln support from Western partners in 2016
30.12.2015 | 12:22
Information and Communication Department of the Secretariat of the CMU

"The total amount of financial aid that we expect from our Western partners in 2016 will make up approximately $10 billion," stated Prime Minister of Ukraine Arseniy Yatsenyuk at a press conference on Tuesday, December 29.

The Prime Minister underlined that after the signing and promulgation of the Law of Ukraine on State Budget for 2016, the partners from the International Monetary Fund and Western partners, "providing the unprecedented support for Ukraine", would analyze this law in compliance with the agreements of the memorandum with the International Monetary Fund: "Then we will hold talks with both the IMF and Western partners on further financial support."

"Firstly - the signing of the law. Secondly - technical analysis of the Law of Ukraine on State Budget. And thirdly – technical mission and the conclusions of the International Monetary Fund. Following that, an appropriate decision will be taken regarding the continuation of the program with the International Monetary Fund," he explained.

"The International Monetary Fund Program is a program of very clear and step-by-step reforms in the country. The IMF is the main creditor of Ukraine. Moreover, if there is no program with the IMF, that means that there is no (assistance) from the World Bank or the European Investment Bank, or the European Bank for Reconstruction and Development, or macro-financial support of the European Union, or $1 billion of guarantees from the United States Government," the Prime Minister pointed out.

"There is no doubt that Ukraine will remain in the program with the International Monetary Fund and we will continue to follow the path of reforms," Arseniy Yatsenyuk highlighted.

 

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