Ukraine, IMF may be given before the end of this year the second loan

International Monetary Fund (IMF) mission headed by al Jersey 16, said in Kiev, Ukraine in 2010, the organization may be given before the end of the second tranche of about 1.6 billion U.S. dollars.

To help Ukraine to overcome the economic crisis, IMF had decided in 2008 to provide loans to Ukraine, but Ukraine did not fulfill the relevant commitments, loans suspended. Early July of this year, Uruguayan government and the IMF agreed to restore a stable lending within the framework of cooperation and signed some 155 billion dollars in loan contracts. The loan period of 29 months in Ukraine under the contract have been about 16 billion dollars in the first loan.

Ukraine, IMF requires countries to the 2010 budget deficit to GDP ratio of less than 6% of control, and tight expenditure and to take measures conducive to economic recovery. Al Yell said that while some indicators are not met, but, overall, a good implementation of Ukraine's loan programs.

He said Ukraine's budget deficit in 2011, plans to reduce the proportion of gross domestic product to 3.5%, which is an attainable goal. 2011, Uzbekistan will continue to save social spending, further measures to stabilize the inflation rate, efforts to form a forward foreign exchange markets, and banking law reform.