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News / 6 March 2009 | 10:00
Tymoshenko: Loans from the EU states will finance the deficit of Budget and fill the Stabilization Fund

Tymoshenko: Loans from the EU states will finance the deficit of Budget and fill the Stabilization Fund


Yulia Tymoshenko, the Prime Minister of Ukraine, announces France is ready to render to Ukraine financial support to cover estimated deficit of the State Budget after signing cooperation program with the International Fund. Yulia Tymoshenko said commenting her official visit to France, Government portal reported.

Yulia Tymoshenko imparted Head of the European Commission Jose Manuel Barroso has sent a letter in which “he confirmed that all key states of the EU after signing program with the IMF are ready to such cooperation”. According to Yulia Tymoshenko, it will enable to fill the Stabilization Fund of the State Budget of Ukraine to the full. “It means all the development programs in Ukraine will be implemented along the planned lines. It means we will be able to render serious support to the tune of 20 billion hryvnyas to the real economy sector,” the Head of Government emphasized.

Moreover, Yulia Tymoshenko informed in the course of her visit to France she had achieved understandings with regards to drawing into Ukraine’s economics significant French investments, notably into projects in energy area, development of Ukrainian nuclear fuel cycle and European Defence and Security Policy.

At this, Yulia Tymoshenko added actions of the Ukrainian Government in terms of overcoming the fallouts of the global financial crunch are similar with those taken  by the other world countries. In particular, it concerns such topmost measures as creating of stabilization funds to support economics, restructure banks.
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