Reform is about changing the rules of lending occurs in the context of discussions on debt of Ukraine and does not undermine the importance of the reform or the legitimacy of the reform, said the Director of the legal Department of the IMF Shawn Huygen.
WASHINGTON, 10 Dec. IMF rejects accusations from the Russian Ministry of Finance in the politicized decision of the Fund to change its lending rules, said the chief adviser and Director of the legal Department of the IMF Shawn Huygen within the conference call explaining this reform.
On Tuesday, the IMF Executive Board lifted the ban on the continuation of the program of financing of the country if it defaulted on sovereign debt (indebted to the lender). Commenting on the decision, the Minister of Finance of the Russian Federation Anton Siluanov called it hasty, biased, taken exclusively at the expense of Russia and to legalize the possibility of Kiev to pay its debt. Russia intends to initiate a new session of the IMF Board of Directors to confirm the status of the sovereign debt of Ukraine before the Russian Federation Eurobonds for $ 3 billion.
“The fact that this reform occurs in the context (discussions on debt of Ukraine), illustrating the weak points, in any case does not undermine the importance of the reform or the legitimacy of the reform”, — said the IMF representative.
