IMF ready to cooperate with new Ukrainian government

Source : 112 Ukraine

Previously, the Fund said it will continue cooperation with Kyiv despite delays with revision of EFF program
17:37, 15 April 2016

112 Agency

The IMF is ready to continue cooperation with the newly elected Ukrainian government. Poul M. Thomsen, Director of the Fund’s European Department, said this at a briefing on Friday (Interfax-Ukraine).

According to earlier statement by Deputy Spokesman at the Fund’s Communications Department William Murray, “the Extended Fund Facility program has its defined deadlines. There are no other conditions under which it could be finished”. He reiterated, though, that the situation with Ukraine’s government and parliamentary coalition needs to be cleared so that the IMF may complete the second revision of the EFF program.

Previously, IMF Spokesman Jerry Rice said the Fund needs more clarity about the status of the government and the parliamentary coalition in Ukraine. Christine Lagarde, the Fund’s Managing Director urged Ukraine’s leaders to keep up with the reforms, otherwise the IMF might cut the program of financial assistance for the country.  

Related: IMF: in 2016, Ukraine’s GDP to grow by 1.5 percent

Related: What IMF expects from Poroshenko and the new government

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