The International Monetary Fund (IMF) is insisting on the minimization of budget spending on the recapitalization of the banking sector, IMF Resident Representative in Ukraine Max Alier said at the Ukrainian Banking Forum annual conference, held by the Adam Smith Institute in Kyiv on Tuesday.
"I think that the first goal of the stabilization of the banking system has been achieved. Now the question for the government is what is the most efficient way to minimize the outlays for taxpayers. There is more than one method: to merge [banks recapitalized with state participation], privatize larger banks, close some of them or merge them. We discussed with the government about… hiring advisors to assess the best way to settle the problems," Alier said.
He said that based on the assessments of the advisors, the government would be able to decide on the further fate of banks recapitalized by the state.
He said that it is important to take a decision on the fate of the banks recapitalized by the state and minimize the expenses of taxpayers.
