Press Release: IMF Managing Director Christine Lagarde Visits Ukraine
IMF News, September 6, 2015
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- Press Release: IMF Managing Director Christine Lagarde Visits Ukraine
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Bibliographic details
- Published: September 6, 2015
Visit summary
- Press Release No. 15/404
- Date: September 6, 2015
- Statement location: Kyiv, Ukraine
- Issued by: IMF COMMUNICATIONS DEPARTMENT, Media Relations
- Media contact: E-mail: media@imf.org; Phone: 202-623-7100
Key findings and observations
- Ms. Christine Lagarde visited Kyiv for the first time and met with President Petro Poroshenko, Prime Minister Arseniy Yatsenyuk, Finance Minister Natalie Jaresko, Governor Valeria Gontareva and other colleagues to discuss implementation of Ukraine's economic reform program.
- Macroeconomic stabilization is taking hold and the economy "shows signs of turning the corner."
- Fiscal position is strengthening.
- The foreign exchange market has stabilized.
- The banking sector is being repaired so that banks are sounder and can start to provide credit again.
- A recent debt restructuring agreement is described as "a vital complement to economic reforms, and an essential step toward creating fiscal space, external sustainability, and improved confidence."
- Significant reforms have been launched to bring energy prices to cost recovery levels, with due protection of vulnerable citizens.
- Progress has been made towards strengthening the social safety net and restoring the social contract in Ukraine.
- An independent and capable anti-corruption agency with broad powers has been launched and judicial reform has been initiated.
Policy messages and recommendations
- It is crucial that efforts on anti-corruption and judicial reform continue.
- It is essential to stay the course of reform and deepen the effort.
- The IMF offers full support to Ukraine as it moves forward.
Communication and outreach
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Source: Press Release No. 15/404, September 6, 2015, International Monetary Fund.