Expert: IMF does not understand the impact of its advices on us

All the recommendations of the IMF to Ukraine proved to be futile. The reason is obvious: they do not understand what they advise to us. Such statement was made by the President of Ukrainian Analytical Center Aleksandr Okhrimenko.

– The conclusions the IMF makes are based on the US economy, and they give their advice in accordance with these conclusions, – explains the expert. – And our economic model is quite different from the American model, and the rules of the game are different. For example, the IMF earnestly believes that, if the utility rates are raised and Hryvnya devaluated, the employers will raise salaries. They are seriously thinking that currency deposits of the Ukrainians are the money brought in by the Ukrainians working abroad. They are sure that Ukrainians buy currency exclusively for foreign travel. Such things are fun reading, they cannot be taken seriously.

Okhrimenko is sure: the key issue aimed at stabilization of the currency market should be the replacement of the National Bank management and abolition of the policy of following the IMF’s advices. Moreover, all their advices are concerned with cutting of the expenditures, and they are not going to grant more funds all the same.

Be reminded that the National bank of Ukraine is expecting three IMF tranches by the end of this year.