IMF chief: Kiev hopes to sell state-run companies to US investors - PMUkraine economic program seeks to implement macroeconomic and structural reforms, according to Russia Today. It designed to focus on fiscal consolidation and energy sector reforms as well as the banking system. The IMF chief comments come as Finance Minister Natalia Yaresko and Ukrainian Prime Minister Arseny Yatseniuk wrapped up their promotional trip to US, which also included pleading with the IMF. Kiev hopes to persuade the international lender to release a $1.7-billion tranche of aid in July, as part of a $40-billion aid package that the IMF and Ukraine foreign allies have committed to. Kiev hopes to generate $15.3 billion in public sector financing during the program period. Finally, the country seeks to gain economic stability by balancing the budget gross financing needs to no more than 12 percent of GDP annually in 2019–25. Ukrainian authorities also aim to bring public debt to under 71 percent of the country GDP by 2020.
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