OREANDA-NEWS. April 25, 2011. I am sure there are no grounds for default in Ukraine, its probability is zero. This was announced by Director of Public Debt Management and International Cooperation of the Ministry of Finance of Ukraine Sergiy Makatsariya during a roundtable organized by Bleyzer Foundation where leading experts and analysts could express their views on the mentioned topics.

During the discussion it was noted that the issue of debt our country is still a very topical. With the economic situation and the mechanisms of debt policy in Ukraine is being all eyes not only the international community, international financial institutions and rating agencies, but the Ukrainian public.

In particular, speaking about the role of the international foundation in the debt policy experts emphasized that due to the fact that cooperation was resumed and owing to the IMF program it was succeeded to stabilize Ukraine's economy against a background of the global financial crisis. In turn, cooperation with the International Monetary Fund is a positive signal to international investors and creditors and it demonstrates accountability macroeconomic situation, rationale and balanced policy that Ukraine is providing.

Addressing the participants of round table and journalists and Sergiy Makatsariya also noted that all countries of the world have debts and Ukraine is no exception, this is absolutely normal practice of replenish cash reserves to support the domestic economy and thus ensure the circulation of money in the world.

He stressed that the majority of funds raised from the IMF, go to the reserves of the National Bank of Ukraine - in support of balance of payments, currency and more. At the turn receive the next tranche. These funds will be used exclusively for the National Bank to maintain its gold reserves.