Economy
investmentsUkraine expects US $10.7 bn of foreign investments in 2014
Ukraine is expecting to receive US $10.7 bn from foreign investors in 2014, said premier Arseniy Yatsenyuk at a session of the Cabinet.
“We managed to avoid default and bankruptcy. The economy is declining, the inflation is high, the hryvnia exchange rate fluctuates, increasing and decreasing suddenly. The main reason is the war. The investors do not want to invest during the war … We will receive US $10.7 bn until the end of the year,” he said.
Yatsenyuk specified that US $9.2 bn of the funds will be spent on repayment of external debts.
As Ukrainian News earlier reported, on August 29, the IMF Board of Directors finished the first review of the implementation of the economic program by Ukraine, supported by the IMF Stand-By Arrangement, and approved the allocation of the second US $1.39 bn tranche to Ukraine.
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