Member of Parliament, the Party of Regions parliamentary faction Deputy Head, president of the Ukrainian Union of Industrialists and Businessmen Anatoliy Kinakh said at today's briefing that the terms of cooperation between Ukraine and IMF contribute to that Ukraine is losing a part of its economic and financial sovereignty, ForUm informs, referring to the Party of Regions press service.

“External loans are traditional for civilized countries, but two core principles should be valid here. Firstly, the terms of borrowing should meet the national interests. Secondly, the borrowed means should be directed not at consumption, but at the economy’s development. Unfortunately, none of these terms in the relationship between Ukraine and IMF is not fulfilled”, Anatoliy Kinakh marked.

“The terms of cooperation between Ukraine and IMF not only contradict some important anti-crisis measures but also contribute to that Ukraine is losing a part of its economic and financial sovereignty. It is inadmissible when the state lives by begging, and IMF dictates Ukraine what deficit our state budget should have, how wages and pensions should be changed. These are the points the authorities should not allow”, he pointed out.

“We are ready to cooperate with international financial organizations, but a civilized well-reasoned dialog should be carried out, including with IMF, and the terms of cooperation should be balanced as much as possible so that they meet our interests and anti-crisis measures”, the politician summed up.

ForUm

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