Agreement with IMF is best response to question on Ukraine's solvency, says expert

Agreement with IMF is best response to question on Ukraine's solvency, says expert:

"Ukraine as a sovereign borrower should agree with the International Monetary Fund (IMF) as soon as possible, and if the agreement is reached and the new cooperation program is approved, this will allow unfreezing almost ready projects with the World Bank and the European Commission, Morgan Stanley Ukraine Director Ihor Mitiukov said.

"And with the reference to this [the country] will give a clear signal to the market that we know how to cope with the debt burden and the deficit of the balance of payment next year, as this is the main question, on which there is no answer now," he told Interfax-Ukraine.

He said that as for the macro-financial aid of other international financial organizations, apart from IMF, this is several billions of U.S. dollars."

'via Blog this'