NBU: Cooperation with the IMF needs to continue

The National Bank of Ukraine is set to continue cooperation with the IMF. Cooperation with the IMF is beneficial for the country in terms of ability to attract low-cost loans and increase the attractiveness of the domestic economy to foreign investors' This statement was made first deputy chairman of the National Bank of Ukraine Yury Kolobov during the roundtable, the magazine writes ZN. According to the official, "NBU very careful about implementing all their obligations to the IMF." Analyzing the effects of a hypothetical release from the program of Ukraine's cooperation with the IMF, the former head of the Ministry of Finance Igor Umansky noted that the current risks of the global economy, due in particular, problems of Greece, Portugal, Spain, Ireland, USA, and so is not conducive to attracting external financing for Ukraine and, in the event of termination of cooperation with the IMF the possibility of obtaining foreign loans for Kiev still worse. According to the same ex-deputy finance minister, former deputy chairman of NBU Alexander Savchenko, the main negative consequence of the termination of cooperation with the IMF will brake economic reforms in the state (pensions, housing, etc.). However, as predicted ex-Finance Minister Viktor Pynzenyk, if a program of cooperation with the IMF will be stopped, Ukraine will still have to soon return to it. Yesterday the head of the NBU Sergei Arbuzov said Ukraine could receive from the International Monetary Fund just two tranches of about $ 3 billion NBU also expressed confidence that the government would fulfill its part of IMF demands - pension reform and gas prices - for 2 -3 months.