Ukraine needs an additional package of macro-financial assistance to stabilize its economy, the size of which will be determined at consultations with the International Monetary Fund (headquartered in Washington) and the Group of Seven (G7) countries, Prime Minister Arseniy Yatseniuk has said.
“Now, unfortunately, we have no final decision. The final decision now lies not in Kyiv, but in Washington, Brussels, and other Group of Seven countries, as they must make their own decision on the granting of loan guarantees or allocation of funding from their own budgets,” he told reporters upon arrival in Kyiv after his visit to Brussels for a meeting of the Association Council between Ukraine and the European Union.
“In order to stabilize the economy, we need an additional package, and this package must be worked out by the IMF and the EU. I officially applied to the EU with a request to get the next project of macro-financial assistance,” Yatseniuk said.
He said that Ukraine was attracting these funds on a returnable basis.
