The
Government will save the sowing campaign from the failure caused by the
National Bank’s inefficient policy on the extension of
credits for AIC, through allocating the necessary means from the Agrarian Fund.
Prime Minister of Ukraine Yulia Tymoshenko
stated during a meeting on the issues of financing the spring-field works and
the Agrarian Fund operation on Thursday.
“The
failure produced by the banking system concerning the agrarians’ financing,
will be compensated through the Agrarian Fund,” Yulia
Tymoshenko stated, Government portal reported.
According
to her, because of the National Bank of Ukraine refusal to extend credits for
the agrarians, the AIC has faced serious problems on the organization and
holding of sowing campaign, “Today, through the NBU policy on the extension of
credits for the agrarian sector, we face the problem on financing the
spring-field works,” the Prime Minister stated.
Yulia Tymoshenko
noted that the work with the National bank on the extension of credits for AIC
that the Government pursued in January-February, gave no expected result.
The Prime Minister claimed that the
National Bank had violated the earlier reached agreements to extend credits for
the agrarian sector. She reminded that for the extension of credits the banks
had extended only one third - 1.489bn hryvnias of the
planned 3.852bn hryvnias, “Non-financing of the
agrarian sector through the extension totaling 2.3bn hryvnias.
This money failed to be put up to the agrarian sector because the National Bank
and commercial banks failed to implement the strategy of the extension of
credits”.
Yulia Tymoshenko
also informed that the banks create unfavorable conditions today for the work
of agrarian sector, demanding additional mortgage from the villagers and also
increase the credit interest to unreal level.
