Volodymyr Lytvyn, Chairman of The Verkhovna Rada of Ukraine: Restoration of Public Confidence in the Banking System will reestablish Economic Stability in the Country
During the Saturday´s working visit to the city of Kharkiv, Volodymyr Lytvyn, Chairman of The Verkhovna Rada of Ukraine, was asked about the amount of a new tranche of the International Monetary Fund and the total external obligations of Ukraine to the IMF. The Chairman of The Verkhovna Rada of Ukraine stated that the amount of the external obligations of Ukraine is insignificant in comparison to the maximum possible amount of debt.
V.Lytvyn stated that the debt of Ukraine to the IMF totals at least UAH 10 billion. A new tranche is expected to amount to UAH 19 billion.
"External obligations of Ukraine are insignificant in comparison to the maximum possible amount of debt", V.Lytvyn stated. He also believes that individual deposits should be returned to the banks to settle the economic issues. "If the individual deposits are not involved, no loans will help. People have the savings, do not trust the banks, so their money is not working", V.Lytvyn stated. He is convinced that restoration of public confidence in the banking system will reestablish economic stability in the country.