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 IMF calls on Ukraine to proceed with reforms as another tranche meeting approaches

The International Monetary Fund as a key creditor of Ukraine urged Ukrainian authorities not to fall behind with reforms, as well as to prevent country's return to previous economic grounds.

This is stated in a fund's comment published on the eve of the IMF Board of Directors meeting on Ukraine, Censor.NET reports citing UNIAN.

During the meeting, the Board of Directors will decide on allocation of a $1.7 billion tranche to Ukraine under the EFF program approved in March for a term of four years and $17.5 billion total. The first tranche of $5 billion was received immediately after program's approval.

Read more: Economic situation in Ukraine "increadibly encouraging", - IMF

"The IMF Managing Director Christine Lagarde highly praises the efforts of the Ukrainian authorities in economic progress. She insists on necessity to continue the reforms avoiding delays and return to previous economic grounds," the fund stresses.

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

 
 
 
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