Lagarde: the resignation of the Minister of economy of Ukraine “alarming”

Lagarde: the resignation of the Minister of economy of Ukraine “alarming”


If the allegations that the Minister of economy of Ukraine aivaras Abromavicius made during retirement are true, it certainly shows that anti-corruption measures undertaken by the government, so far, are not working, said the managing Director of the IMF, Christine Lagarde.

WASHINGTON, 4 Feb. Alexey Bogdanovsky. If the allegations of the resigned Minister of economic development of Ukraine Aivaras Abromavicius addressed Ukrainian officials are correct, then this shows that anticorruption measures do not work, said on Thursday the managing Director of the International monetary Fund Christine Lagarde. According to her, IMF urges Ukraine to do more to fight corruption.

Abromavicius resigned yesterday, accusing a number of senior officials of the Ukrainian government of corruption.

“The Minister Abromavicius on the position of the Minister of economy had a number of good and quality reforms,” Lagarde said at a press conference. “His recently announced retirement is a cause for concern. If the accusations he made during his retirement are true, it certainly shows that anti-corruption measures undertaken by the government, still not working,” said Lagarde.

“Against corruption still have a lot to do, and it needs to happen and implement active, as authorities are responsible not only for Ukrainian people, but also before the world community”, — said the head of the Fund.

While Lagarde ignored the question, will the resignation of Abromavicius on lending Fund of Ukraine and, in particular, can the Minister care to lead to refusal to issue or delay the next tranche of loans.

The four-year program of financial assistance to Ukraine was approved by the IMF Board on March 11, 2015. The programme envisages allocating the Fund’s $ 17.5 billion dollars, and all international creditors over four years — $ 40 billion. In March he was transferred the first tranche of 5 billion dollars, in August — the second tranche of 1.7 billion. Now Kyiv expects the allocation of the third tranche, also with a volume of 1.7 billion dollars, one of the obstacles along the way for adoption of the budget, based on agreed with the IMF reforms.