Ukraine needs cooperation with IMF, - Saakashvili

Source : 112 Ukraine

The newly-appointed chairman of Ukraine’s National Reform Council believes that his previous statement “was misunderstood”
19:12, 15 May 2020

The incumbent Head of Executive Committee for Reforms of Ukraine
Kyiv Post

Mikheil Saakashvili, chairman of the National Reform Council, explained his position on Ukraine's cooperation with the International Monetary Fund (IMF), noting that his previous statement was misunderstood. The explanations of the politicians were published on his Facebook page.

Saakashvili believes that attempts to withdraw from the IMF program now will suit only Ukraine's enemies but we must strategically move to a situation where the Fund's assistance will no longer be needed.

"I have said many times that Ukraine currently has no alternative to good cooperation, as Ukraine needs money, especially during the crisis, and, moreover, the IMF has played an important role in promoting some of the necessary reforms," ​​Saakashvili said.

Related: New IMF program for Ukraine: Timing to be reduced, but funding will not change

As we reported earlier, Mikheil Saakashvili has recently expressed the idea that Ukraine should refuse from the loans provided by the International Monetary Fund.

"I believe that though we are obliged to cooperate with the IMF now... just look how much money they give us. They give us just enough to pay off the external debts. And because of that, we've got to bow to them all the time. During my time in Georgia, I refused from the IMF services," he said.

Related: IMF, Ukraine to switch to 18-months-long stand-by program, - Fund representative

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