KIEV, July 6 – A decision of the International Monetary Fund on the issue of a $14.9 billion loan under the stand-by arrangement would be an incentive for the economic development of the country and increase its investment attractiveness as a whole, according to investment company analysts polled by Interfax-Ukraine.
"If we take into account that the new program foresees fiscal adjustments for the retaining of the general government deficit to 5.5% of GDP in 2010 and 3.5% in 2011 with a view to setting public debt firmly on a declining path, and limiting its deficit to 1% of GDP in 2010 to strengthen the gas sector and improve Naftogaz’s financial position, it's likely that authorities agreed to accelerate the terms of realization of some reforms," an economist from Troika Dialog Ukraine Iryna Piontkovska said.
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