The new prime minister will begin a highly professional negotiation process with the IMF

22:19 13.06.2019

Batkivshchyna Party Leader Yulia Tymoshenko is confident that after the parliamentary elections and the formation of a new Cabinet of Ministers, the new prime minister and government will begin a new highly professional negotiation process with the IMF to continue cooperation that will not negatively affect the social situation of Ukrainian citizens.

“In the autumn, the new prime minister and the government will be obliged to start a new negotiation process with the IMF to continue cooperation until the deficits in Ukraine’s finances are covered from the deshadowing of the economy,” Yulia Tymoshenko said on the program “Great Evening” on channel NewsOne.

According to the politician, negotiations should not have negative consequences, such as higher tariffs or reduced social protection of people.

“Such negotiations with the IMF are possible,” she said.

Yulia Tymoshenko said that Ukraine has a huge financial deficit and that the new government needs to take the right steps.

“We need to change the tax system, customs policy and close the shadow economy, which today accounts for 43% of the economy. For this to happen we must stop smuggling at customs and change the Tax Code, so that the tax base comes out of the shadows,” she explained.

The MP also believes that the state debt of Ukraine must be optimized by replacing short-term borrowings to long-term, and replacing “expensive money” with “money of adequate value,” which will not destroy Ukraine’s finances.

“If we do this, then we will not have a deficit of money, and we will not have to go to the IMF anymore,” said the Head of the Batkivshchyna Party.

“No matter how hard the situation would seem, there is a way out. Our strategy and program offer a solution to this deadlock. I want us to look forward optimistically,” Yulia Tymoshenko added.