Ukraine managed to stabilize macrofinancial situation with support of IMF and World Bank, - Gontareva

Source : 112 Ukraine

"This year we are focusing on the growth of GDP", - added Head of the National Bank of Ukraine
17:42, 4 June 2016

Ukraine’s macro-financial situation has stabilized, with the support of the International Monetary Fund, World Bank and other international partners. This was stated by the head of the National Bank of Ukraine Valeriya Gontareva at a meeting of the IMF and the World Bank's regional group, reports "UNN".

"For two years, we have stabilized the macrofinancial situation in our country. And this year we are focusing on the growth of GDP. This is crucial for us. Our country has already adapted to the situation which we are faced to, but without your support, the IMF support, World Bank and without the support of partners ... it would be impossible to achieve this (to stabilize the macrofinancial situation - Ed.) ", - said the head of the NBU.

Gontareva: Ukraine’s National Bank met all conditions of EFF program

According to her, Ukraine has managed to not just accept the extended program of funding from the IMF, and to receive "financial umbrella". "We moved to a flexible exchange rate ... cleared the banking system, accept a new monetary policy, inflation targeting. But without the restructuring of our foreign debt, with no real fiscal adjustment by the Ministry of Finance, we could not even imagine how would be possible to implement a new monetary policy", - said the head of the NBU, and added that "right now the situation is stable" in Ukraine.

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