Since autumn 2008, the country came to an agreement on USD 32.5 billion credits, including from the IMF - USD 25.7 billion, the World Bank - USD 3.4 billion, EU - USD 1.3 billion, other organizations - USD 2.1 billion. Romania follows Ukraine with its USD 26.3 billion, Hungary - USD 25.4 billion and Poland - 20.5 billion. Kosovo and Moldova end the list of ten countries.
To remind, on July 29, the IMF approved allocation of a credit to Ukraine to the amount of USD 15.15 billion. The credit terms provide for a number of economic measures, including reduction of the budget deficit to 3.5% of the GDP in 2011and to 2.5% in 2012. Reduction of the budget deficit will require unpopular decisions from Ukrainian authorities as regards taxes, pensions and salaries of the budgetary sphere workers.
The previous two-year stand-by program for Ukraine started in November 2008 and made up USD 16.4 billion, out of these over USD 11 billion was allocated in three tranches.
