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International Monetary Fund urges Ukraine to reduce state and oligarch roles in economics

The Fund stated that the negotiations with Ukraine about the new program are still continuing and "it's not surprising that they last so long"
23:16, 8 November 2019

Jerry Rice
Open source

The International Monetary Fund (IMF) stated that Ukraine should reduce the roles of the State and oligarchs in economics. IMF representative Jerry Rice reported that during the briefing in Washington as the press release of the IMF says. 

"We think that Ukraine needs to advance some structural reforms. Again, notably, to improve governance and tackle corruption and to reduce the role of the state and oligarchs while continuing as I said to assign fiscal and monetary policies to maintain macro stability," he said. 

Related: IMF expects growth of Ukraine's GDP growth by three percent in 2020

Particularly, the IMF representative mentioned that the negotiations with Ukraine about the new program are still continuing and "it's not surprising that they last so long". 

Earlier, the IMF was going to send a mission to Ukraine in a few weeks to discuss the reforms. Director of the IMF Department Poul Thomsen said that during the briefing on Friday in Washington. 

"The discussion goes well with the government and we are planning to send the mission to Ukraine in a couple of weeks to continue talking about details of the reforms," Thomsen stated.

Related: Economic Development Minister is positive regarding Ukraine-IMF cooperation

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