Poroshenko promised “decisive action” after a warning by the IMF


The President of Ukraine Petro Poroshenko assured the managing Director of the International monetary Fund Christine Lagarde that the reforms in Ukraine will continue despite the political crisis. This is stated in the press service of the President of Ukraine. This Poroshenko stressed that is configured to decisive action to ensure political and financial stability in the state.

“The President and the managing Director of the IMF agreed to prepare a road map of priority reforms, which will give a new impetus to the relations with the International monetary Fund. They also agreed on the need for the urgent adoption by the Ukrainian Parliament of all reform laws”, — stated in the message.

In conversation Poroshenko also noted that the “reset” of the government should occur without early parliamentary elections, which, in his opinion, “will only deepen the political crisis and worsen the conditions for reform”.

Earlier Lagarde made a statement in which he warned the Ukrainian authorities about the possible termination of program assistance to the country. According to Lagarde, the IMF is concerned about the slow progress of Ukraine in improving public administration, fighting corruption and reducing the influence of vested interests on policy.

The managing Director of the IMF stressed that if Kiev does not activate the fight against corruption, it will be “difficult to imagine how IMF-supported program will continue in the future and whether it would be successful.”

The threat of suspension of assistance programme, the IMF had said earlier also, the Minister of Finance of Ukraine Natalia Jaresko. According to her, there are no other organizations that could provide the country $17.5 billion In an interview with TV channel ICTV Jaresko suggested that “the IMF will wait until the country starts the Executive and would she be willing to work Fund.”

Lagarde made a strong statement against the backdrop of another political crisis in Ukraine that is associated with the resignation in early February the Minister of economic development of Aivaras Abromavicius. The latter explained his departure from the government’s “unwillingness to be a cover for outright corruption.” After the announcement of his resignation the head of the IMF said that the European media was responsible for a number of fundamental reforms and the resignation means that the undertaken anti-corruption initiatives have not worked.

In December, the first Deputy head of the IMF David Lipton said that the international lending programme may be interrupted if the Ukrainian economy will deviate from planned targets 2016.