Deputy NBU governor: IMF program increases sustainability of Ukraine’s economy

17.11.2016 15:56 280

The program of the International Monetary Fund (IMF) provides not only cash, but is also aimed at increasing the economy’s sustainability in Ukraine.

Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Solohub said this in an interview with IntelliNews.

"IMF program provides not only cash, it is also aimed at increasing the economy’s sustainability," he said.

Solohub explained that this is why tapping international financial markets should not be a replacement for the IMF’s reform program, although "in the past, Ukraine faced choosing between an IMF program and raising funds on external markets and often chose the second option."

Earlier it was reported that the IMF mission representatives noted the positive trend in carrying out structural reforms in Ukraine and supporting economic growth.

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