Ukraine should use favorable external environment to accelerate reforms, - Lagarde

Source : 112 Ukraine

IMF Managing Director said the meeting with Poroshenko was good and constructive
08:06, 25 January 2018

Open source

International Monetary Fund Managing Director Christine Lagarde urged Ukraine to take advantage of the current favorable external environment to accelerate reforms. She said this after a meeting with Ukrainian President Petro Poroshenko, the IMF press service reported.

She said the meeting with Poroshenko was good and constructive.

"We had a good and constructive meeting with President Poroshenko and his team, during which we discussed the latest economic developments and prospects for Ukraine, as well as the implementation of measures to create preconditions to complete current revision of the IMF program," she said.

Related: What would happen if Ukraine broke up with IMF?

Lagarde assures that the IMF, together with other international partners, will continue to support Ukraine in its reform efforts.

"I also stressed that Ukraine should take advantage of the existing favorable external environment to accelerate reforms and move to more sustainable growth, which is necessary for the sustainable improvement of people's living standards," the IMF head said.

Lagarde added that she approved submitted candidatures for the post of head of Ukraine’s National Bank.

As it was reported earlier Ukraine must continue reforms in 2018 despite the upcoming elections, partly because they are a part of the requirements of the IMF. Without cooperating with the fund, Ukraine won’t be able to fulfill its debt obligations, as Consultant of Ukrainian finance and economy ministers Ivan Mikloš said on January 20.

Mikloš also noted that anti-corruption reforms are essential for Ukraine’s fulfilling the IMF requirements for the next tranche. In particular, an anti-corruption court must be created.

Related: Some points of draft law on anti-corruption court contradict Kyiv’s commitments, - IMF

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