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IMF: Ukraine’s need for external loans increased sharply

Posted by the Editor on January 31, 2013


News / 31 January 2013 | 15:04

IMF: Ukraine's need for external loans increased sharply

IMF: Ukraine’s need for external loans increased sharply

Ukraine’s need for external loans increased sharply, IMF Resident Representative in Ukraine Max Alier told Deutsche Welle.

According to him, global economic environment affected the Ukrainian economy, which has led to lower rates of economic growth, decrease in exports and government receipts. “As a result, the need for external loans and search for new sources of budget revenue increased sharply,” Alier said.

IMF Resident Representative in Ukraine considers that to remedy this situation, it is necessary to take specific measures, and to create conditions for economic growth, which is the main task for Ukraine. “By and large we are talking about the requirements that were identified in the previous IMF program,” he said.

“A decision as to whether we will render assistance to Ukraine, will depend on the economic situation in the country, as well as whether the Ukrainian government fulfills our demand in the economy,” Max Alier said.

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