"Kremlin lost" - Poroshenko's statement after Ukraine for IMF tranche

Source : 112 Ukraine

We will be able to make first steps in improving social standards on the level of state budget 2017 - said President
11:50, 15 September 2016

President Poroshenko is welcoming a positive decision by the board of directors of the International Monetary Fund to continue the program of cooperation with Ukraine and allocating next financial aid.

"For the first time in the history of relations between Ukraine and the International Monetary Fund, we received the third tranche under one cooperation program. The decision enebles financial assistance in amount of $ 1 billion from the United States and macro-financial assistance in amount of 600 million euros from the European Union in, as well as from other international financial institutions. Even more, it opens a window of opportunities for attracting foreign investments into Ukrainian economy," - said the President in his address to Ukrainian people.

Related: Russia to vote against next IMF tranche for Ukraine, - Anton Siluanov

He also noted that this aid will help to keep the stability of the hryvnia, to fix the achieved level of macroeconomic stability, to support the first signs of economic growth.

"The positive decision of the IMF indicates that the world recognizes ous reforms, there are qualitative and positive changes and the country is moving in the right direction. This is a high evaluation of our economic reforms and first steps in fighting corruption, as anti-corruption strategy and practics are also a criteria for th e IMF to take the decision," - he stressed.

Related: Polish FM Waszczykowski met with Poroshenko

"And, paradoxically, the Fund's resolution is also asignal for the aggressor, who was trying to put a spoke in our wheel. The Kremlin has lost it's operation. Reforms make us stronger and thus our ability to resist the external aggression is also becoming stronger. Once again, my congratulations to everyone," - said the President of Ukraine.

As we reported earlier, the IMF Executive Board decided to allocate $ 1 billion for Ukraine. Next tranche of financial assistance was adopted with the exceptions to the general rules, given the current economic situation in the country.

Related: Clinton to meet Ukrainian President next week

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