Wednesday, February 10, 2016

Poroshenko promised “decisive action” after the IMF warning – RBC

Director of the International Monetary Fund, Christine Lagarde, and the President of Ukraine Petro Poroshenko, September 2015 Photo: REUTERS 2016

After the words of the head of the IMF, Christine Lagarde, the possible termination of assistance to the President of Ukraine Petro Poroshenko assured her determination to continue reforms despite the political crisis. However, he ruled out an early election Rada

President of Ukraine Petro Poroshenko assured the Managing Director of the International Monetary Fund, Christine Lagarde, is that reforms in Ukraine will continue, despite the political crisis. This is stated in the press service of the Ukrainian president. At the same time Poroshenko said that is configured to act decisively to ensure the political and financial stability in the country.

«The President of Ukraine and IMF Managing Director agreed to prepare a roadmap for priority reforms that will give new impetus to relations with the International Monetary Fund . They also agreed on the need to urgently Ukrainian Parliament of all reform legislation “-. Said the report

In a conversation Poroshenko also noted that the” reset “of government should occur without early parliamentary elections, which, in his opinion, “only deepen the political crisis and worsen the conditions for the implementation of reforms».

Later, the head of the IMF issued a statement that during the conversation with the president of Ukraine is convinced of his desire to follow the path of reform. “We have agreed on the principles of the road map and priority measures to ensure the prompt progress of the program, which will help bring Ukraine to the path of robust and sustainable growth,” – she assured (by Reuters quote)

Earlier, Lagarde issued a. statement in which he warned the Ukrainian government about the possible termination of the program of assistance the country. According to Lagarde, the IMF is concerned about the slow progress of Ukraine in improving governance, fighting corruption and reducing the influence of vested interests on the policy.

The Managing Director of the IMF emphasized that if Kiev does not intensify the fight against corruption, the “it would be difficult to imagine how an IMF-supported program will continue in the future and whether it will be successful».

The threat of suspension of the IMF assistance program announced earlier by the Minister of Finance of Ukraine Natalia Yaresko. According to her, there are no other organizations to torye would highlight the country $ 17.5 billion. In an interview with TV channel ICTV Yaresko suggested that “the IMF will have to wait, when the country will be the executive authority and whether it will be ready to work under the terms of the fund” .

Lagarde issued a strong statement against the backdrop of another political crisis in Ukraine related to the resignation in early February, Minister of economic development aivaras abromavičius. The latter explained his departure from the government’s “unwillingness to be a cover for blatant corruption.” Following the announcement of his resignation the head of the IMF said that it Abromavicius was responsible for a series of fundamental reforms and his resignation means that the authorities made anti-corruption initiatives have failed.

In December, the first deputy head of the IMF David Lipton said that the program of international lending It may be interrupted if the Ukrainian economy will deviate from the targets in 2016.

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