Press Release No. 16/571

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement:

“I spoke with President Poroshenko today to commend him on the decision to nationalize PrivatBank, which is a major step forward in the authorities’ efforts to rehabilitate the banking system and safeguard financial stability.

“I also assured him that the IMF will continue to support Ukraine in its efforts to maintain macroeconomic stability and advance reforms to achieve strong and sustainable economic growth.”