Azarov: Ukraine can live without IMF funds

Print version
Nov. 14, 2011, 7:53 p.m. | Ukraine — by Interfax-Ukraine
The Ukrainian government managed without the resources of the International Monetary Fund (IMF) for almost a year, Ukrainian Prime Minister Mykola Azarov has said, the government's press service has reported. He announced this at a meeting of the economic press club with the participation of journalists from leading business publications and a chief scientific officer at the department of public finances at the State Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine, Tetiana Bohdan.

"In six weeks there will be exactly one year when we don't get any funds from the IMF," Azarov said.

He noted that the absence of international funds had not led to problems in the country, with the government meeting all of its external commitments conscientiously and all social programs being funded.

"We lived this year without any problems, and we will do so next year," Azarov said, adding that in 2011, thanks to its balanced economic and financial policy, the government managed to stabilize the domestic situation and reduce the ratio of foreign debt to GDP.

Azarov said that although Ukraine received no tranches from the IMF this year, cooperation with the fund was not interrupted and that Ukraine is continuing to cooperate with the IMF under the Stand-By Arrangement.

He said that the so-called pause in borrowings occurred due to IMF demands to raise tariffs on utility rates for households and added that the Cabinet of Ministers presented its own arguments, expecting the revision of gas contracts and the determination of a fair and justified gas price.

"We had an absolutely open dialog with an IMF mission. We thoroughly discussed our positions several times, and we have complete understanding," he said.

Читайте об этом на
The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
Anonymous Nov. 14, 2011, 8:11 p.m.    

What happens when you run out of businesses to sell to Russia?

{# <-- parent id goes here
Anonymous Nov. 14, 2011, 11:28 p.m.    

Then Papa Rasputin will demand the handover of first the Crimea, next the Donbass and finally the rest of the country.

{# <-- parent id goes here
Anonymous Nov. 14, 2011, 9:48 p.m.    

As usual, zArazov is LYING.

The IMF did NOT demand that Ukraine raise gas tariffs - that was offered by the zArazov government as a method to bring the budget deficit down.

However, zArazov lied about it to try to get himself and his government off the hook prior to elections.

Also - social programs are NOT being funded.

You can ask the Chornobyl rescue workers, whose benefits are not being paid, who demonstrated in front of the Parliament several times already.

{# <-- parent id goes here
Anonymous Nov. 14, 2011, 9:49 p.m.    

No it can't.

{# <-- parent id goes here
Anonymous Nov. 14, 2011, 10:19 p.m.    

it has to in order to avoid international scrutiny of its corruption

{# <-- parent id goes here
Anonymous Nov. 14, 2011, 9:51 p.m.    

Ukraine can live without Azarov.

{# <-- parent id goes here
Anonymous Nov. 14, 2011, 10:37 p.m.    

If Tymoshenko had done her job there would have been no need for IMF funds.She played populist games instead of reducing susidies that drain the budget.5 years of orange ruled wasted they could have carried out reforms that now must be carried out in the midst of a global crisis.

{# <-- parent id goes here
Anonymous Nov. 14, 2011, 10:41 p.m.    

The pigs in power stole everything you fool! Thats why they need more money. And it won't go to help the people. It will go to refill their bank accounts! Open your eyes!

{# <-- parent id goes here
Anonymous Nov. 15, 2011, 12:02 a.m.    

this criminal still talks like a sovok.your moskali friends could only offer high gas prices

{# <-- parent id goes here
Anonymous Nov. 15, 2011, 12:55 a.m.    

These are lies -

The ukrainian government is in debt by Hundreds of millions/Billions of dollars to Russia's gazprom credit bank for secret loams to pay for the ruusian ripoff gas.

{# <-- parent id goes here
Anonymous Nov. 15, 2011, 10:07 a.m.    

Having all of his money in dollars, he happily awaits his new year's present of a 10UAH/$ exchange rate...

{# <-- parent id goes here
Anonymous Nov. 15, 2011, 8:29 p.m.    

It is not a matter of living without IMF funds, but rather the greater advantages for Ukraine and increase potential for raising the standards of life for all Ukrainians. The greater point is continued to be missed by the leadership. This continied talk all points to the joining of the Customs Union and a contuing of the unwarned current government actions.

{# <-- parent id goes here


© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.