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
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 Ukraine’s 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”.