IMF: Signals from new Ukrainian government are very reassuring

Source : 112 Ukraine

Mission of the Fund will work in Ukraine on May 10-18
11:56, 6 May 2016

First signals coming from the new Cabinet Ministers of Ukraine are very reassuring, Deputy Head of the European Department of IMF Mahmood Pradhan, reports Reuters.

“We believe, the signals of the new government to stay in the program, continue cooperation and their own efforts are very reassuring”,  - he said.

Pradhan expressed hope, that the program of financial aid will work and “what is even more important, is that the necessary measures will continue to be implemented and will be successful”.

It has been reported earlier, that IMF Mission will work in Kyiv on May 10-18. The Mission will continue debating the second revision of EFF program at political with Ukrainian authorities.

IMF representative stated, that it’s still early to talk about how long the revision will last.

Earlier, European Commissioner for Neighborhood Policy and Enlargement Negotiations Johannes Hahn stated, that the Cabinet of Ministers of Ukraine must further cooperation with IMF in order to receive the second tranche from the EU in the amount of €600 million. The IMF also stated, that it doesn’t consider the possibility of suspension of cooperation with Ukraine and is ready to collaborate with the new government of Ukraine chaired by Volodymyr Groysman.

The IMF Board of Directors plans to appraise how Ukraine meets the updated credit regulations during the second revision of EFF program.

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