Yatseniuk notes reduction in Ukraine's foreign debt to $68 bln
KYIV. July 27 (Interfax) - Ukraine's foreign debt has declined to $68 billion, Prime Minister Arseniy Yatseniuk said.
"Our opponents criticize us for taking loans. And here they need to brush up on their arithmetic: if it was $73 billion and now it is $68 billion, that means 'minus' $5 billion. Over the last 15 months we have reduced the external debt of the state," Yatseniuk said during a Finance Ministry meeting.
IMF loans issued to help Ukraine "are used to solve financial problems so that Ukraine does not repeat the Greek scenario," he said.
At the same time, this relates to budget and fiscal stabilization, while economic growth in the country is possible at the expense of other means - the World Bank and other financial institutions which have provided $1 billion for economic development over 30 years at 1.5%, he said.