Monday, November 28, 2011

The IMF mission saw financial stability in Ukraine

The International Monetary Fund welcomed the establishment of financial stability in Ukraine, said the head of the IMF mission Athanasios Arvanitis during a meeting with Prime Minister Mykola Azarov, the press service of the government. "We've already had several constructive meetings in the government. The mission really agree that Ukraine has made significant progress, "- said Arvanitis. "We appreciate the fact that Ukraine has established financial stability, but we must remember that last year was quite difficult. Now the banking system of Ukraine returns confidence to the banking system returned deposits ", - he said. Head of IMF mission said that "the Ukrainian economy is recovering after the crisis and the trend of economic growth." Arvanitis said that "the necessary conditions for positive development in 2011, says limiting public spending, the transition to automated VAT refund according to the Tax Code and the implementation of pension reform." In turn, Prime Minister noted that in January the budget revenues were higher costs, switching to an automatic refund of VAT by the plan, which endorsed the mission specialists themselves, and pension reform are now actively discussing with the public: civil society, academics and experts. Recall from 1 to 11 February in Ukraine is an IMF mission. The purpose of the mission - carrying out discussions on the second revision of the program under the agreement stand by.

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