Ukraine needs a profound change in approach to monetary and exchange rate policy, which would serve the interests of attracting investments and the transition to investment-dependent path of development with the whole spectrum of problems caused by the crisis. Told the director of the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine Valeriy Geyets during a meeting of the Finance Press Club.

scientist noted that t1000he subsequent uncertainty in such matters as the problem of inflation, exchange rate, methods for their regulation, the question of how to influence the money supply and, consequently, the demand will lead to national economic growth by only 2-3 %, which inevitably increase social problems.

“ensures that this growth will be accumulated problems in the social sphere, of consumption. It is about the need to grow by 5-6% as a minimum - only in this case are laid perspective is that over time the accumulated problems can be solved” - noticed Geyets.

According to him, the situation with economic growth through exports and the stimulation of domestic demand through external borrowing, which lasted nine consecutive years, is now impossible.

“Both in 2010 and subsequent years will not work. We must focus on the investment. appears extremely difficult task: how and in what way will appear to invest in Ukrainian economy and what the scenario” - the expert said.

Geyets stressed that now there is a serious task of modernization of the real sector of the economy, because during the entire period of economic growth, this issue has remained out of sight of both domestic and foreign investors.

“Thus, for the current year to lay the foundations of both the modernization of all its components. It would be naive to think that without the formation of development institutions, which are now in Ukraine there, without a clear vision of why and in what way these institutions to apply, we solve these issues, “- the expert said.

“And for this we have a year as a maximum, otherwise we will be doomed again feed back not only in Europe but also among developing countries”, - he stressed.

Geyets convinced that while there is very little reason for a healthy optimism and the problem lies not only in the absence of proper coordination between different branches of government, and that in reality, while “nothing to coordinate.”

“In our country, unfortunately, there is still no systematic and comprehensive vision of what we need to introduce reforms, some macroeconomic, including monetary and fiscal policies to implement,” - he explained.

“There is no need to coordinate without addressing the ideological-political and politico-legal problems in Ukraine today - and this is the main challenge for the next and subsequent post-election months,” - summed up the scientist.

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Ukraine postindustrial

New Year”s attack on the IMF, aimed at getting an additional $ 2 billion, might seem a critical moment …


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