3% economy growth in 2013 may reduce need for IMF loans - expert
2013-01-11 16:20:25
The gross domestic product of Ukraine in 2013 may grow by 3% compared with 1% in 2012. Accelerating economic growth in the country could reduce the need for the next tranche of the International Monetary Fund loan.
This opinion was expressed by the chief economist for Russia and the Commonwealth of Independent States with Renaissance Capital, Ivan Chakarov, Bloomberg reported.
"Improving economic situation in 2013 can reduce the need for continued cooperation with the IMF," he said.
At the same time, according to the expert, "the growing external pressure can most probably bring Ukraine back to the IMF, but it can happen after the winter."
Note, the state budget of Ukraine for 2013 provides for a nominal GDP of 1,576 billion UAH and a real GDP of 3.4%.
As reported, the IMF mission was to arrive in Ukraine on December 7, but at the request of Kyiv, the visit was postponed to 2013, until the appointment of the new Cabinet. Later, the IMF confirmed that the visit will take place in the second half of January 2013.
The ongoing program of cooperation between Ukraine and the IMF is over, but, according to former Minister of Economic Development and Trade Petro Poroshenko, there is a possibility of its extension for nine months.
Earlier, Prime Minister Mykola Azarov said he hopes to reach an agreement with the IMF on a loan to Ukraine without an increase in utility tariffs.