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 Even if debts are frozen, IMF stands ready to assist Ukraine, Lagarde says

Even if Ukraine imposes a moratorium on settling a part of its public debt, the International Monetary Fund will still render financial support to the country.

As reported by Censor.NET citing Ukrinform, this was announced by the IMF Managing Director Christine Lagarde on Wednesday at a press conference in Washington. According to her, the fund has a special lending-into-arrears policy allowing support of Ukraine even in this situation. At the same time, she expressed hope that Ukraine would be able to agree on debt restructuring and avoid a moratorium on external payments.

Read more: Ukraine to get $1.7 billion aid installment from IMF

Lagarde says the Ukrainian government is in constant albeit difficult dialogue with its private creditors stressing the recent progress in negotiations with them and hoping it will retain.

Read more: Ukraine met all IMF criteria and expects positive decision on the next tranche,- PM Yatseniuk

According to Lagarde, the IMF has long been working with Ukraine and seen a political will to change the face of Ukraine, despite all the military and security challenges on its eastern border. Moreover, she says the politicians understand "they have to attack on all fronts" for the renewal of economy and stability: fiscal and structural reforms, fighting corruption and so on. The managing director resumes Ukraine is coping little by little, though there are forces seeking to destabilize the country.

 
 
 
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