Saturday, October 18, 2014

Western $30 Billion Aid Insufficient For Kiev. (Pavlo Klimkin, Ukrainian FM)

Ukrainian Foreign Affairs Minister Pavlo Klimkin said Saturday that the country needs much more money than the $30 billion the Western countries had promised Kiev, German media said.

According to Klimkin, subsequent financial needs of the country can no longer be taken into account, as the rescue measures for macroeconomic stabilization planned in spring were "delayed." "That's why the promised $30 billion will not be enough," Klimkin told Wirtschaftswoche news magazine.


According to the head of the Ukrainian diplomacy, the country should act, considering the fall of the country's GDP by 7 to 8 percent. "I think our additional financial needs will be more significant," Deutsche Welle quoted Klimkin.
  • The Minister stressed that the goal of Ukraine for ten years is to become a member of the European Union, and Kiev has to use its chances and quickly adopt EU standards. "If we do our homework, then in 2020 we can apply to be accepted in a few years," he said.
As a result of the ongoing political crisis in the country, Ukraine is currently on the verge of a default. Kiev authorities are trying to rescue the country’s economy with international loans, including a $17 billion loan from the International Monetary Fund. To receive the IMF financial support, Ukraine agreed to a severe austerity program that includes raising taxes and selling off state assets.
(RIA Novosti)
18/10/14
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1 comment :

  1. Commission assesses progress by Turkey in visa dialogue...

    Today the Commission presented its first report on progress by Turkey in fulfilling the requirements set in its visa liberalisation roadmap.

    "This first report shows that Turkey is doing effective efforts to meet the criteria identified in its visa liberalisation roadmap and I welcome in particular the progress achieved in the fields of migration and international protection, as well as in document security. Work is still needed in areas like, among others, border management, and police and judicial cooperation. I am convinced that Turkey will keep a steady pace towards the fulfilment of the benchmarks by bringing forward several essential legislative and administrative reforms", said Commissioner for Home Affairs, Cecilia Malmström.

    The Commission report assesses the situation of the legislation, administrative capacities and practices of Turkey in the areas addressed by the benchmarks of the roadmap, and makes a set of recommendations for the Government of Turkey to fulfil these benchmarks.

    It acknowledges the progress made regarding the Turkish passport and civil registry systems, the importance of the reforms recently adopted in the field of migration and international protection, some positive developments in border cooperation with the EU Member States and FRONTEX, as well as the encouraging initiatives taken to reform anti-terror legislation.

    At the same time, further steps remain necessary to fully comply with the requirements of the visa roadmap. The report recommends inter alia that:

    On document security, Turkey will need to start issuing new passports that include biometric data, in line with the EU acquis, and develop cooperation with EU Member States in detecting forged and fraudulent travel documents.

    On migration management, Turkey will need to ensure the effective implementation of the new Law on Foreigners and International Protection, and will need to complete the setting up of the General Directorate for Migration Management..................http://europa.eu/rapid/press-release_IP-14-1173_en.htm?locale=en
    20/10/14

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