Ukraine has estimated the probability of default

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www.vsyako.netPhoto: Gleb Garanich / Reuters

The Minister of Finance of Ukraine Serhiy Marchenko estimated the probability of the announcement of default in the country. He told this in an interview with “NV”.

According to him, currently this is not an economic reason: “I’ll have a concept of “default” have not been used. Objectively, the default is a political decision, and therefore economic grounds for default in Ukraine no”.

Marchenko added that, despite the current crisis, Ukraine remains in a relatively stable macroeconomic position. “The budget situation is difficult, but we have it under control and it is manageable. There is no reason for any fears, risks and experiences”, — assured the Minister.

In December of 2019, it was reported that the IMF will give Ukraine a loan of 5.5 billion U.S. dollars for a period of three years. The authorities have fulfilled all the conditions for receiving support, including they opened the market of agricultural land and forbidden to return oligarch Igor Kolomoisky nationalized Privat.

The first tranche from the IMF, Ukraine expects to receive by the end of may. The entire country is counting on $ 10 billion of financial support from different international institutions in the year 2020, said Prime Minister of Ukraine Denis Shmyhal.

Video, photo All from Russia.

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