The IMF warns that Ukraine can not receive the second tranche of the credit

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The International Monetary Fund is concerned by refusal of the Verkhovna Rada to support a delay of increase of a minimum wage to level of a living wage from 2009 to 2011.

The constant representative of the IMF in Ukraine Balázs Horwat told about it on air "the 5th channel".

"This decision of Rada complicates a situation. But doesn't mean that there is no exit", - he told.

The Croat noted that for the IMF the main criterion which is a condition for allocation to Ukraine of the second tranche of the credit of stand by, are preservation of indicator of deficiency of the state budget earlier stipulated with the government.

"The main criterion for the following tranche - level of budget deficit. If the budgetary expenses are more, the government has to reach deficiency which is in the program coordinated with the IMF", - he told.

The Croat emphasized that in case of violation by Ukraine of earlier reached agreements on deficiency of the state budget, the IMF reserves the right to refuse granting the second tranche of the credit of stand by.

"If deficiency is big, than we coordinated, then the board of directors of the IMF can decide that Ukraine won't receive the following tranche", - he told.

The constant representative of the IMF added that the loan will be granted to Ukraine on the terms of a floating interest rate which now makes about 4% per annum, with quarterly repayment of percent.

On October 31 Rada approved prime anti-recessionary measures, however contrary to wishes of the IMF didn't consider in this document norm about a delay of increase of a minimum wage to level of a living wage to 2011.

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