OREANDA-NEWS. April 04, 2014. Prime Minister of Ukraine Arseniy Yatsenyuk positively evaluates the prospects of cooperation with the International Monetary Fund. He announced to journalists in the framework of the Tenth Annual Investment Conference.

Arseniy Yatsenyuk informed the following week the Parliament would consider a number of draft bills to ensure implementation of previous conditions, “to make our international inventors resume the program with Ukraine”.

“I believe we will pass the decisions in the Parliament and I think by the end of the current month the IMF has to consider the program with Ukraine. My estimates are very positive,” the Head of Government emphasized.

Moreover, he stresses he will insist on another considering by the Verkhovna Rada of the Government’s position concerning taxation of big business: “I want to reconsider certain taxation rates, as several of the rates are artificially high, at this, certain, on the contrary, haven’t been enacted as there is lobbyism in the Parliament that trenches on corruption”.

“I hope the Parliament will support us,” Arseniy Yatsenyuk added.

Answering a question of a journalist, Arseniy Yatsenyuk informed in the negotiation with the international financial organizations the Government had to envisage a possibility to reimburse the value added tax through VAT securities emission: “And we have accounted for that”.

“Regarding the tool proper, I strongly argued against treasury bonds which weren’t transparent, but I advocated exceptionally the domestic state bonds, which must be given on transparent conditions under the interest guaranteed by the state. And it can be the subject to mortgage both on obtaining credit funds in the commercial bank and refinancing in the central bank”.

“As to the conditions, I consider, they will be standard and repeat the conditions of the previous two editions that were followed in 2008 and 2004,” Arseniy Yatsenyuk added.

The Head of Government stressed “real wide reforms” were to be carried out in Ukraine. According to him, the Cabinet of Ministers divided this process into two parts: “The first is not to afford the country to fall. Now the Government is working day after day on resuming the program of crediting, balancing the budget, paying wages, pensions, returning VAT, cooperating with business”.

Arseniy Yatsenyuk underlines the second part concerns a broad plan of economic reforms: “It is the upgrading of justice, prosecution, tax administration, customs, the new tax code, new system of administering taxes, a new state procurement law. These are strategic tasks and we have embarked on these tasks”.

The Head of Government accentuates, Ukraine is facing difficult economic tests: “But the country has investors, has people ready to invest, work and create new workplaces. And the Government not just meets the needs of the investors but bears the responsibility to them in order to ensure operation of the enterprises and creation of workplaces”.