The IMF will direct to Ukraine new mission

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International Monetary Fund mission led by Tseyla Pazarbasioglu held negotiations with the leadership of Ukraine concerning the first review for the agreement "стэнд - bye" between fund and Ukraine.

"After the approval of the program (for Ukraine - an edition), supported by the IMF, the global economic environment was much destroyed. The economy of Ukraine didn't become an exception in this process" - the press - service IMF Tseyla Pazarbasioglu's statement is told in extended on Friday.

In the statement it is noted that "significant progress was made during negotiations with the IMF on tax, monetaristic policy and on policy of an exchange rate, and also on measures which should be undertaken on building confidence in a banking system, however the number of questions remains unresolved".

In particular, negotiations between Ukraine and representatives of the IMF on these questions will be continued within the next weeks, and "we expect that mission will return to Ukraine soon to continue negotiations".

"The economic situation remains difficult in connection with recession on demand of steelmaking production and sharply reduced access for the international markets of the capital. While the economic situation in Ukraine became more uncertain, basic dynamism of economy, consecutive implementation of the considered policy will allow to lead to gradual renewal of growth" - is spoken in the statement.

According to the IMF, the authorities of Ukraine answered many calls.

The currency policy underwent considerable specifications which allowed to improve prospect of the Ukrainian production focused on export, the representative of the IMF notes.

Deficiency of the balance of payments started being narrowed and, despite depreciation of national currency, inflation continues to decrease.

The period of diagnostics of the program of bank recapitalization is complete, and its effective implementation has to promote trust restoration to a banking system, it is noted in the statement.

Sharper, than was expected, reduction of economic activity demands repeated check of economic policy, declares the IMF.

In particular, the team of the IMF and the leadership of Ukraine discussed possible revision of balance of the budgetary purposes in 2009, in view of existence of financial means.

Proceeding negotiations are concentrated on the appropriate tax measures, monetaristic policy and policy in the field of an exchange rate, and also on confidence-building measures to a banking system, is spoken in the statement.

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