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Ukraine and the IMF discussing the terms of the fourth review of the cooperation program

23.04.2018

Press Release

 

Ukraine and the International Monetary Fund are discussing the measures needed for finalizing the fourth review of the cooperation program during the Annual Spring Meetings of the International Monetary Fund and World Bank Group held in Washington, DC. It was a topic of yesterday’s meeting of the Ukrainian delegation headed by the National Bank Governor Yakiv Smolii with the First Deputy Managing Director of the International Monetary Fund David Lipton.

 

"Ukraine has made significant progress in stabilizing the economy and creating a potential for growth. The international situation is currently favorable for reforms, so it is important not to waste time. We are ready to assist Ukraine in ensuring the success of its reform efforts", - said the First Deputy Managing Director of the International Monetary Fund David Lipton.

 

"The Ukrainian party is convinced of the inevitability of reforms that are important for ensuring the macroeconomic stability and well-being of citizens in our country, and therefore together with the IMF we have a shared vision of the prospects for further cooperation. We believe and will do everything to continue cooperation and sucessfully implement reforms",- said Yakiv Smolii.

 

As the head of the Ukrainian delegation noted, its volume and number are the best evidence of the decisive intentions of the President and the Prime Minister of Ukraine to complete the fourth review of the cooperation program between Ukraine and the IMF in the near future.

 

"I'm very grateful to the Fund’s team for many hours spent with the Ukrainian team not only during these days in Washington, but also during the last months of intensive work with the NBU, the Cabinet of Ministers and the Administration of the President,- stressed the the National Bank of Ukraine Governor Yakiv Smolii.- We all and I personally are convinced that reforms are leading Ukraine in the right direction."

 

The Minister of Finance of Ukraine Oleksandr Danyliuk also thanked the IMF team for constructive cooperation.

 

"I’m confident that in the near future we’ll be able to reconcile open issues and reach a common position. The Ministry of Finance is currently working on a budget resolution for the next three years, which allows us to continue our policy of deficit reduction and debt burden decrease according to the IMF program",- emphasized the Minister of Finance.

 

Oleksandr Danylyuk added that "Ukraine's continued cooperation with the IMF is important for investors, as well as a prerequisite for our country’s receiving additional financing from the World Bank and macrofinancial assistance from the European Union."

 

“We’ve elaborated a common roadmap, therefore both parties have common vision of the program’s perspective and further steps. We will do everything to prove that cooperation programs of Ukraine and the IMF can be successful”,- noted Yakiv Smolii.

 

The conditions for the IMF mission arrival are under way for further cooperation within the framework of the cooperation program.

 

The National Bank of Ukraine Governor Yakiv Smolii, Extraordinary and Plenipotentiary Ambassador of Ukraine to the United States Valery Chaly, Minister of Finance of Ukraine Oleksandr Danilyuk, Deputy Head of the Administration of the President Dmytro Shymkiv, Deputy Head of the central bank Kateryna Rozhkova, Deputy Minister of Finance on European integration Yurii Butsa, Head of NJSC Naftogaz Andriy Kobolev, Deputy Executive Director of Ukraine in the IMF Vladislav Rashkovan, Deputy Executive Director of Ukraine in the World Bank Roman Kachur were present at the meeting with the IMF top manager.

 



 


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Last modification   23.04.2018