At the meeting with the Ambassadors of G-7
countries to Ukraine and representatives of international financial
organizations
President Viktor Yushchenko discussed internal economic situation in
Ukraine, cooperation between Ukraine and the IMF and the World Bank,
budgetary policy and measures aimed at optimizing it, etc.
He said that for now the IMF allows “enough flexibility”,
including in budgetary deficit for Ukraine in 2009. “This gives us a
chance to complete the talks successfully,” said President Yushchenko,
emphasizing however that introduction of alterations to 2009 State
Budget and approving of the remaining part of anti-crisis package is
still on the agenda.
The President noted that overcoming crisis in Ukraine depends on
whether Ukraine would be able to resume cooperating with the IMF.
According to him implementation of the program, prepared for Ukraine by
the IMF would also benefit cooperation between Ukraine and other
financial institutions, such as the World Bank, as well as with
countries of the EU and the US.
The Ambassador of the US to Ukraine William Taylor, who took part in
the meeting, said that in the opinion of G-7 Countries’ Ambassadors
President of Ukraine, the Prime Minister, the Verkhovna Rada and the
National Bank should unite in implementation of effective policy to
restore cooperation with the IMF and eventually go through the crisis
and pull the country out of it.
