Poroshenko discussed with the IMF a new tranche for Ukraine
The President of Ukraine Petro Poroshenko and first Deputy managing Director, International monetary Fund (IMF) David Lipton have discussed prospects of implementation of the Memorandum of economic and financial policies. About it reports a press-service of the head of state.
“The sides discussed prospects of implementation of the Memorandum of economic and financial policies in the context of the provision of the next tranche of Ukraine in the framework of the mechanism of the extended financing”, â€“ stated in the message.
Lipton stressed that Ukraine should take advantage of the positive improvement in the domestic economy to complete the reforms and stable growth, and also noted the high dynamics of cooperation between IMF and Ukraine.
Poroshenko, in turn, noted the important role of the IMF to implement reforms in Ukraine. The President also stressed the importance of establishing an effective system of combating corruption in Ukraine.
Deputy Director of the IMF David Lipton is in Kiev on an official visit on September 12-14.
Recall, the IMF approved a four-year program of crediting Ukraine’s economy EFF 17.5 billion. in March of 2015. In this programme, our country has received from Fund of four loan tranches in the total amount of 8.7 billion dollars.
According to the results of the third review of the EFF, the international monetary Fund called on Ukrainian authorities to achieve more rapid and sustainable growth to accelerate structural reforms, starting with privatization and market development of agricultural lands, and noted the lack of concrete results in the fight against corruption.