The NBU told how Ukraine to avoid negative consequences of the crisis in emerging markets

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This is possible in case of continuation of reforms supported by the IMF.
Illustration REUTERS

Ukraine can avoid the negative consequences of the financial crisis in emerging markets during the continuation of the reforms supported by the International monetary Fund.

Read tangentbord not waiting for the traditional autumn of turmoil in the currency market

This was stated by Deputy head of the National Bank of Ukraine Dmytro Sologub during a round table in Kiev, noting the deterioration in global emerging markets and citing the example of Argentina once again find themselves on the verge of default.

“Ukraine, in principle, has a chance to emerge from the global trend for developing markets. But this requires the continuation of reforms. Have informed the government and conclude a new programme with the IMF. It will be important for investors is the psychological factor,” said Sologub.

Reference to UNIAN. The stock market of Argentina and the national currency of the country – the Argentinian peso fell sharply on August 12 at the background of the outcome of the presidential election, won by opposition candidate Alberto Fernandez.

After 17 August, the International rating Agency Fitch downgraded the rating of Argentina by three notches, increasing the probability of sovereign default or debt restructuring.

Against the background of a sharp devaluation of the national currency, the head of the Ministry of Finance of Argentina Nicolas Duchovny August 17, resigned from his post.