National Bank of Ukraine today acknowledged the fact, The relative economic stability in Ukraine is possible only in case of continuation of the country's lending to the IMF and other foreign "partners". The head of the Ukrainian financial regulator Yakov Smoliy stated, that if the IMF refuses to provide Ukraine tranche (whom, by the way, Kiev is waiting for since the beginning of the year), the National Bank will have to tighten policy in the financial market.
By letter head of the NBU, in the case of inflation risks will amplify monetary instruments, as well as to introduce complex restrictions for withdrawal of capital from the country.
In the end, it will not be able to affect the financial and economic situation in the country, which must be more and pay off part of the debt to the creditors until the end of the year in excess of 10 billion.
Besides, Smoliy made the issue of Eurobonds without IMF lending. The head of the NBU, He made the statement at a joint Polish-Ukrainian conference, He noted, such borrowing will be for Ukraine is much more expensive.
In fact, the previous loans were for Ukraine, to put it mildly, not cheap. The thing is, that lending to the economy of Ukraine went, based on the account of its creditors actually "junk" credit rating - close to the credit default indices. In this way, We have already managed to accumulate a huge amount of interest only Loan servicing.
Recall, that the IMF need to provide the next tranche of Ukraine from Kiev, the following conditions: the creation of the Anti-Corruption Court and bringing in energy prices (primarily gas) for households and industry to the European average.
Smoliy said, that goes "sacrifices" for the sake of Ukraine the next tranche of IMF. As a "sacrifice," the head of the National Bank of Ukraine proposed a vacation…
