At a meeting with Ukrainian President Viktor Yushchenko, Managing Director of the International Monetary Fund Rodrigo de Rato has recommended Ukraine to promote measures for controlling inflation, the press department of the Ukrainian President's Office has reported. The two parties addressed the issue of monetary policies, instruments for hampering the inflation rate and Ukraine's taxation system.
We remind that IMF revision revealed the real inflation index in Ukraine; it is equal to 15%. It is the main problem of Ukrainian economy. IMF recommended National Bank of Ukraine to limit the money printing and to set adaptable rate of exchange. IMF pledged to back National Bank.
The experts forecast the increasing of state budget deficit as the result of considerable social payments and the lack of incomes given by enterprises. They also recommend as quick as possible to solve problems of re-privatization and to pass acts which would provide financial independence of Pension Fund and benefit entrance into WTO.
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