REUTERS
Cooperation with international financial organizations is the only way to achieve stabilization of the Ukrainian economy and ensure further economic growth, said Prime Minister of Ukraine Arseniy Yatsenyuk when reporting to the government.
Yatsenyuk stressed there are no other sources of multi-billion borrowings to the country, other than loans provided by international financial institutions.
As UNIAN reported earlier, Ukraine expects to borrow about $10 billion from international financial organizations in 2016. This sum includes $5.8 billion from the International Monetary Fund and over $1.5 billion from the World Bank under new loan programs.
Ukraine expects to borrow $1 billion from the U.S. government, up to $1.3 billion from the government of Japan, as well as $0.2 billion from Switzerland. In addition, the Ukrainian government expects to borrow EUR 1.2 billion from the EU, plus a grant of EUR 170 million. EUR 100 million in loans is expected to be provided by Poland, EUR 300 million by Germany, plus EUR 150 million for investment projects.
Ukraine also expects to borrow $177 million from the European Bank for Reconstruction and Development that will be used for existing investment projects and $1.1 billion for new investment projects. A loan worth $175 million is expected to be received from the European Investment Bank for existing projects, plus $1.1 billion to fund the implementation of new projects. The World Bank is expected to provide $210 million in loans under the existing investment projects.