The risk of non-
next tranche International Monetary Fund has remained high since the election race has gained momentum, and in the public sector remains a lot of questions that are not viable solutions to completely satisfy both the Government and the leadership of the Foundation, says economistinvestment company Astrum Investment Management Alexei Blinov.
In doing so, he believes that the focus of the IMF mission will be riveted to the budget sector. The recent adoption by Parliament in first reading a bill aimed at increasing social spending, should be the main talking point.
problem is compounded by the statement of opposition leader Viktor Yanukovich that these costs should be funded from the IMF loan. The Fund will undoubtedly require the assurance that:
1) such a significant increase in the minimum wage and pensions will not happen;
2) if the decision on any increase and will be taken, the government and the deputies will seek domestic sources of revenue to finance it, - noted Blinov.
second important issue, according to experts, will the Government plans to increase the statutory fund Naftogaz and other schemes of its funding through government banks or NBU. We expect that the IMF will continue to urge the government to raise gas prices for people to balance the budget Naftogaz .
We believe that the government will try to convince the fund that:
1) the main problem is the payment discipline, and not prices per se;
2) prices for the population will increase, but later, presumably in early 2010
In addition, much will depend on the success of gas negotiations with European partners. If Ukraine will be able to obtain some external funding, which will upload the gas in underground storage for the winter, its position in negotiations with the IMF will be stronger, - he said.
Blinov, however, stressed that other aspects of the agreements are less grounds for concern. The expert predicts that, despite a number of problems, and Ukraine will be able to get the third tranche of the IMF loan of $ 3.2 billion
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Expert: The risk of non-next tranche of IMF remains high
The risk of non-
next tranche International Monetary Fund has remained high since the election race has gained momentum, and in the public sector remains a lot of questions that are not viable solutions to completely satisfy both the Government and the leadership of the Foundation, says economistinvestment company Astrum Investment Management Alexei Blinov.
In doing so, he believes that the focus of the IMF mission will be riveted to the budget sector. The recent adoption by Parliament in first reading a bill aimed at increasing social spending, should be the main talking point.
problem is compounded by the statement of opposition leader Viktor Yanukovich that these costs should be funded from the IMF loan. The Fund will undoubtedly require the assurance that:
1) such a significant increase in the minimum wage and pensions will not happen;
2) if the decision on any increase and will be taken, the government and the deputies will seek domestic sources of revenue to finance it, - noted Blinov.
second important issue, according to experts, will the Government plans to increase the statutory fund Naftogaz and other schemes of its funding through government banks or NBU. We expect that the IMF will continue to urge the government to raise gas prices for people to balance the budget Naftogaz .
We believe that the government will try to convince the fund that:
1) the main problem is the payment discipline, and not prices per se;
2) prices for the population will increase, but later, presumably in early 2010
In addition, much will depend on the success of gas negotiations with European partners. If Ukraine will be able to obtain some external funding, which will upload the gas in underground storage for the winter, its position in negotiations with the IMF will be stronger, - he said.
Blinov, however, stressed that other aspects of the agreements are less grounds for concern. The expert predicts that, despite a number of problems, and Ukraine will be able to get the third tranche of the IMF loan of $ 3.2 billion
Russian prices surpassed Europe
The population spends acquired
Schwarzenegger declared a state of emergency in California's financial situation
Ministry of Transport has called the price information
Expert: Visa-free regime with the EU depends on the actions of Ukrainian authorities
Production of steel would fall by a quarter
The drop in sales of German cars in the United States has slowed somewhat
ATMs in Eastern Europe struck virus
Fondoviki claim of lack of clarity in the construction of the depository system in Ukraine