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Yatseniuk: In May Ukraine obtains US$3 milliard from IMF, US$1 milliard from US and EUR1 milliard from EU
02.05.2014 10:14 "Agro Perspectiva" (Kyiv) —
In addition to US$17 milliard (to be given by the IMF for two years), Ukraine is going to receive immediately US$1 milliard from the US and EUR1.6 milliard from the EU and US$1.5 milliard from the World Bank by the end of this year, Government Portal says referring to the Ukrainian Prime Minister Arseniy Yatseniuk Thursday report.
«In May, we obtain the first IMF tranche of US$3 milliard, US$1 milliard from the US and up to EUR1 miliard from the EU,» Yatseniuk said.
Yatseniuk told that part of this money will go to the foreign exchange reserves of the Ukrainian National Bank of Ukraine, the rest - to the macro-financial stabilization of the Ukrainian situation, and in order to «timely pay wages and pensions.»
«If Ukraine has not received the IMF loan, I could not say how high would be now the UAH exchange rate - 25 or 35… Within the last two months, we actually kept the situation on wages, pensions and UAH exchange rate,» the Prime Minister emphasized.
He admitted that the country economy can get stabilized within two years and become «stably and fastly growing» since 2016.
But even now, said Yatseniuk, Government makes much to support a serious of Ukrainian producers. «We have launched a program of the country agrarians sector and now we reduce loans’ interest rates for agrarians, so that they could carry out sowing and harvest campaigns,» Prime Minister noted.
«We have started to strictly control the country energy market, now we are focused on the drugs’ market. It is difficult to cope all issues within one month, but the situation urgently needs strong and often hard measures,» Yatseniuk said.
He admitted that given the «extremely difficult situation» the government refused from measure taken in Greece and Portugal - «to half cut all salaries, pensions, stop all social programs and to raise not twice, but thrice all the rates for the population social utilities and other services, reduce government and all State authorities’ , police and law enforcement system staff by 30 %.»
However, the Government, Yatseniuk admits, has taken «a difficult but acceptable decision.»
«We have adopted a decision which can hardly make someone happy. But, so that the day of tomorrow comes, and this day were successful, we must go through this time period.»
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