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You're reading: Azarov out for now or out for good as prime minister?
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The resignation came just
days before a new round of negotiations with the International
Monetary Fund, which are due to kick off on Dec. 7 in Kyiv. Ukraine
desperately needs to renew low-interest IMF loans because its state finances are
in a dismal state, and the National Bank reserves are dwindling
because of the worsening of foreign trade balance and growing
pressure on the hryvnia.

Azarov and many members of
his Cabinet were elected to parliament during the Oct. 28 vote, and
had to file their letters of resignation to the president. They will
still act as an interim government until the new one is approved. A
vote in parliament is required to approve the prime minister, but
ministerial appointments do not need such a vote.

By law, the parliament has
five days to approve the prime minister after the president proposes
a candidate. But the newly elected Rada is only to convene on Dec. 12, and it’s not clear how long it will take for it
to elect a speaker, which is an essential precondition to taking a
vote on the new prime minister. Ukraine’s old parliament is going to
convene on Dec. 4 for the last time, and is expected to vote on the
2013 budget.

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