IMF concerned about Ukraine's slow progress

IMF concerned about Ukraine's slow progress

On February 10, IMF Chief Christine Lagarde made a statement on Ukraine, in which she was concerned about successful implementation of the IMF-supported program in Ukraine.

“I am concerned about Ukraine’s slow progress in improving governance and fighting corruption, and reducing the influence of vested interests in policymaking. Without a substantial new effort to invigorate governance reforms and fight corruption, it is hard to see how the IMF-supported program can continue and be successful. Ukraine risks a return to the pattern of failed economic policies that has plagued its recent history,” she said in the statement.

Christine Lagarde stressed the importance of turning the country back to reforming.

“It is vital that Ukraine’s leadership acts now to put the country back on a promising path of reform,” she stated.

As a reminder, Ukraine’s Finance Minister Natalie Jaresko has stated before that the IMF will cut off funding in case of the government’s resignation.


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