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Arseniy Yatsenyuk: To ensure economic stability we need unity of all our political forces, the President and the Government to advance along the path of reform
15.02.2016 | 11:44
INFORMATION AND COMMUNICATION DEPARTMENT OF THE SECRETARIAT OF THE CMU

To advance along the path of economic reforms and prolong participation in the programme with the International Monetary Fund, we need the understanding of all our political forces, parties, the President of the country, the Government and we need unity to advance along this path of reform, stressed the Pm of Ukraine Arseniy Yatsenyuk in 10 Minutes with the Prime Minister programme on Sunday, February 14. http://www.kmu.gov.ua/img/1x1.gif

The Head of Government accentuated that the world economies were facing challenges. The drop in oil prices triggered the slowdown in industrial production in the world's largest economies, primarily China: And this, definitely, affects the economies of Europe and America. Ukraine is part of the global economy. Henceforth, we should seek our way out of this difficult situation.

Above all, economic stability is price stability. This means the absence of a galloping rise in prices. Last year we came up against this problem and the rate of inflation was almost 45%. This year we should settle an issue of galloping inflation. We have set a target showing, which is 12% inflation in 2016, Arseniy Yatsenyuk urged.

The Prime Minister highlighted it proves possible if we further pursue economic reforms and if Ukraine prolongs participation in the programme with the International Monetary Fund.

Apart from t hat, there exists an internal source to set the Ukrainian economy afloat, which is the internal resources of our banking sector.

Arseniy Yatsenyuk reminded that he had had discussions with representatives of Ukrainian banks and the National Bank on this issue: What are the needs of small and medium-sized businesses? Long and cheap loans. And in this matter stability of the banking system is the key.

At that, the PM mentioned Ukraines programmes of cooperation with the International Monetary Fund and the World Bank, as well as other international financial institutions: They provide us with an additional cushion to ensure economic stability.

 

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