Press Release: Statement by the Managing Director on Ukraine
IMF News, February 10, 2016
Source details
- Canonical URL
- Press Release: Statement by the Managing Director on Ukraine
Other formats
Bibliographic details
- Published: February 10, 2016
Context and contact
- Press Release No. 16/50
- February 10, 2016
- IMF COMMUNICATIONS DEPARTMENT
- Media Relations
- E-mail: media@imf.org
- Phone: 202-623-7100
Core statement by the Managing Director
- “I am concerned about Ukraine’s slow progress in improving governance and fighting corruption, and reducing the influence of vested interests in policymaking. Without a substantial new effort to invigorate governance reforms and fight corruption, it is hard to see how the IMF-supported program can continue and be successful. Ukraine risks a return to the pattern of failed economic policies that has plagued its recent history. It is vital that Ukraine's leadership acts now to put the country back on a promising path of reform.”
Key findings and warnings (as stated)
- Concern about Ukraine’s slow progress in improving governance and fighting corruption.
- Concern about reducing the influence of vested interests in policymaking.
- Without a substantial new effort to invigorate governance reforms and fight corruption, continuation and success of the IMF-supported program is unlikely.
- Risk of a return to the pattern of failed economic policies that has plagued Ukraine’s recent history.
- Urgent call: Ukraine's leadership must act now to put the country back on a promising path of reform.
Press Release: Statement by the Managing Director on Ukraine, February 10, 2016.