Ukraine Will Settle Foreign Obligations Timely & Completely
OREANDA-NEWS. July 01, 2013. Ukraine always fulfills its external liabilities in time and in full.
Prime Minister Mykola Azarov informed on Thursday during a meeting with chief of the mission of International Monetary Fund to Ukraine Nikolay Gueorguiev.
“The measures taken by the Government have afforded to stabilize the situation with external accounts. We fulfill all foreign liabilities in full and for us the year of 2013 is absolutely understandable from the point of view of foreign debt repayment obligations. We have no fear concerning their implementation,” Mykola Azarov has said.
Moreover, he noted that Ukraine faced rather complicated financial and economic situation which, in the first place, was joined with reduction of demand for Ukrainian traditional export – iron, ore on the world markets. That’s why Ukraine was forced to take rough measures concerning budget discipline and introduce certain restrictive measures concerning imported goods, the Prime Minister has explained.
Mykola Azarov added that elaborated by the Government program of activization of the economics envisaged redirection of 4.5 mln tons of iron for use on the domestic market. According to the Premier, in particular, at the account of this it will enable to ensure growth of gross domestic product.
Besides, the Head of Government underlined that over the recent three years the internal trade turnover in Ukraine had grown by almost 50%, which afforded to ensure two years of GDP growth by almost 10%. “We are carrying out a flexible policy which affords us to support the stable situation in the country,” Mykola Azarov noted.
In turn, the new chief of the IMF mission to Ukraine Nikolay Gueorguiev stressed: “I hope we will be able to ensure fruitful cooperation for the benefit of Ukrainian people”.
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