Statement by IMF First Deputy Managing Director John Lipsky on Meeting with the Ukrainian Delegation Headed by Deputy Prime Minister Sergiy Tihipko

Press Release No. 10/173
April 27, 2010

Mr. John Lipsky, First Deputy Managing Director of the International Monetary Fund (IMF), made the following statement today in Washington, DC after his meeting with the Ukrainian delegation, headed by Deputy Prime Minister Sergiy Tihipko:

“We had productive discussions with the Ukrainian delegation during the Spring Meetings on economic policies that could be supported by a new multiyear Fund arrangement with Ukraine. There was a broad consensus on the need to entrench fiscal and financial stability and to pave the way for sustainable recovery. Progress has been made in many areas. At the same time, outstanding issues remain to be clarified, including fiscal consolidation, in addition to financial sector and other reforms. Discussions are expected to continue in Kyiv in the coming weeks.”



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