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IMF emphasizes Ukraine’s progress
19:03, 15 November 2016
IMF emphasizes Ukraine’s progress

"One can say that the positive trend is observed in all directions, if we compare the current situation with the one that was last year," said the IMF Representative

19:03, 15 November 2016

Open source

The economic performance in Ukraine has increased during the one and a half years. This was stated by Deputy Director of the IMF's European Department Athanasios Arvanitis at the meeting with the Prime Minister Volodymyr Groysman, Uriadovy portal reports.

"You can say that the positive trend observed in all directions, if we compare the current situation with the one that was last year," said Athanasios Arvanitis.

Related: Groysman intends to hold meeting with IMF mission

He commended the growth rates of the Ukrainian economy at the level of 1.8% in the third quarter of 2016, inflation in the range of 10-12%, the state budget deficit that does not exceed the planned 3.5%. Also, the country's international reserves rose in comparison with last year, the confidence in the banking system restored.

"I hope that together we can continue to push structural reforms and implement them in the future. All our efforts should be focused on what to do to make a successful economy and weighty results", Athanasios Arvanitis stressed.

Related: IMF: Ukraine needs drastic action against corruption

Prime Minister thanked the representatives of the IMF mission for fruitful work. He stressed that the Ukrainian government aims at carrying out successful reforms in the country and focuses on implementing the agenda in full.

"We understand that the structural reforms are necessary for the country. First of all we need to ensure that we manage to come out of the difficult economic conditions that we have as a result of decades of unreformed country", said Groysman.

Related: IMF to assist Ukraine’s National Agency on Corruption Prevention

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