Ukrainian government to continue cooperation with IMF, other creditors - PM

Ukraine's new Cabinet of Ministers is set to continue prudent fiscal policy and cooperation with the International Monetary Fund (IMF) and other creditors of Ukraine, newly appointed Ukrainian Prime Minister Denys Shmyhal has said on Facebook.

"The change of government means that we want even better and faster reforms in Ukraine. The government will continue prudent fiscal policy and constructive cooperation with the International Monetary Fund and other creditors of Ukraine. Achieving the long-term well-being of Ukrainian citizens and sustainable economic growth is our common goal," he wrote in a post.

According to Shmyhal, "the government is ready to accept new challenges and move more actively towards reform and integration with the European Union."

Earlier reports said that investors in Ukrainian eurobonds negatively accepted a reshuffle in the Cabinet of Ministers and started selling them. As a result, Ukrainian government securities have fallen in price.

Investors fear the new government will delay reforms, postpone the signing of the IMF program and increase the fiscal deficit.

op