The hryvnia must be devalued - the Blazer Foundation

oleg Ustenko, Executive Director of the Blayser International Foundation, noted that, amid high pressure on the hryvnia course, the flow of foreign investment in Ukraine is sharply reduced.

“In the first half of the year, Ukraine is waiting for difficulties related to both the problems of servicing external debts and a slowdown in key reforms. All this will happen against the backdrop of high pressure on the hryvnia, which is the main reason for reducing the inflow of investment in the country,” said the Executive Director of the Foundation in the commentary of the businessman.

"The faster the devaluation passes, the better. The current economic situation is not as critical as in 2008, so you can get by weakening of the hryvnia by 10-15%. Such a step will not only increase the competitiveness of exports and return foreign investments to the country, but will also become an important economic signal that the worst department of the analytical department of SP advisors Vitaly said Vavrishchuk.

At the same time, the restoration of the global economy may be short -lived: “Even low macroeconomic forecasts laid down in the budget are optimistic. The government needs to remember this and resist the temptation to reconsider social standards immediately after the first signals about the recovery of the world economy,” he is sure.

Also, according to the director of the Institute of Economics and Forecasting of the National Academy of Sciences Valery Geez, world practice shows that the devaluation of the national currency is one of the possible mechanisms for pursuing a policy of combating a crisis.

“This is not an ideal tool, it has many drawbacks. Therefore, you should not count the devaluation - a panacea for the Ukrainian economy, although we, of course, need to move on to a policy of free course formation,” the economist explained.