The IMF loans contribute to Ukraine's financial stability, but they are not able to solve the structural problems of the economy.
This was stated on Facebook by Bogdan Danylyshyn, the head of the NBU Council.
“Continued lending by the IMF will help preserve macroeconomic and macrofinance stability in Ukraine, reduce the risks of fluctuation in hryvnia exchange, and facilitate the return of external debts. However, it will not solve the structural problems of the country's economy, will not stop its de-industrialization,” – Danylyshyn said.
According to him, the main tool by which developed countries affect the condition of the national economy is the implementation of industrial policy, namely measures from the state to support or develop specific sectors of the national economy.
He put emphasis on the production of agricultural machinery, since the agrarian and industrial sector plays a very important role in Ukraine.
In addition, Danylyshyn added that the state should create attractive conditions for direct investment in the technological sectors of the Ukrainian economy. Investments in high technology will be one of the key elements for increasing the competitiveness of the Ukrainian economy and ensuring its resilience to external shocks.
He also insists on drastically improving the promotion of Ukrainian exports and developing public-private partnership, especially in the development of infrastructure.
