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Ukraine Finance Minister outlines Path to Stability

By Svitlana  Pyrkalo

Ukraine’s finance minister Natalia Jaresko did not play down the enormous challenges that Ukraine now faces, including the likelihood of another 5-1/2 per cent contraction in its economy this year, combined with an inflation rate of 30 per cent and a 70 per cent plunge in the value of the Ukrainian currency. However, she said the administration that she represented was determined to succeed and outlined the concrete measures it was taking to foster economic recovery. She also paid tribute to the EBRD, and signed a € 65 million energy loan.

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