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Saturday, November 18, 2017

IMF managing director issues statement on Ukraine economy

An International Monetary Fund fact-finding mission in Kiev is making progress in assessing Ukraine's economic situation, Christine Lagarde, the IMF's managing director, said on Thursday.

Lagarde made the statement on the political upheaval in Ukraine on Thursday following a visit by an IMF delegation to the capital of Kiev.

"The IMF fact-finding mission working in Kiev since March 4 has made good progress in assessing the situation," Lagarde said. "Following an informal briefing of the IMF's executive board, management has asked the team to stay in Kiev and begin a process of negotiation."

Lagarde said the team will work with local authorities while protecting vulnerable citizens.

"The team will work with the Ukrainian authorities to develop an economic reform program that will result in sound economic governance and sustainable growth, while protecting the vulnerable in society, and that can be supported by the IMF in accordance with its policies," Lagarde said.

The mission plans to conclude its work by Friday.

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