: :inin Kyiv (EET)

Ukraine needs $25 billion of foreign loans – economist

Ukraine’s external financing in the amount of $25 billion will make it possible to quickly restructure the banking system, execute external obligations and support the budget.
Director of the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine Valeriy Geyets said this during a round table discussion at Gorshenin Institute, an Ukrinform correspondent reported.
“The lack of external financing in Ukraine is currently about $25 billion. Provided with this amount of funding, Ukraine would be able to conduct restructuring of the banking system, execute external obligations, as well as, taking into account restructuring of donors’ currency rates, to support the so-called survival budget,” he said.
Geyets noted that because of the three components mentioned above, measures aimed at creating a favorable investment climate can be systematically implemented.
“But, of course, a major factor in the stabilization of the economy is a factor of loans, which has several components. Firstly, it is a brief humanitarian assistance that Ukraine will receive as a post-conflict country. Also, foreign investors are interested in developing long-term and valuable infrastructure projects and in the provision of donor grants for development,” he said.

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