Tihipko: Ukraine might attract up to USD 20bn from IMF within 2.5 years.

By bne IntelliNews April 27, 2010
Vice PM for Economy Serhii Tihipko admits that Ukraine may attract USD 19-20bn from the International Monetary Fund within 2.5 years, as he has told the Ekonomicheskie Izvestia. He said that the government intends to channel these funds for the covering state budget deficit and replenishment of gold and currency reserves. Tihipko said that the revision of gas contracts between Russia and Ukraine was welcomed in Washington . At the same time, Tihipko believes that the government should take unpopular measures and raise the tariffs. The vice prime minister said that Ukraine needs the cooperation with the Fund. Tihipko hopes that his talks with the representatives of the IMF in Washington will be fruitful and allow the resumption of the cooperation between Ukraine and the Fund.

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