| Author (Corporate) | International Monetary Fund |
|---|---|
| Series Title | Press Release |
| Series Details | No.50, 2016 (10.02.16) |
| Publication Date | 10/02/2016 |
| ISSN | 0047-083X |
| Content Type | Journal | Series | Blog, Overview |
|
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued a statement on the 10 February 2016 concerning corruption in Ukraine. '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'. Later on the 10 February 2016 President of Ukraine Petro Poroshenko had a phone conversation with Christine Lagarde. He emphasised that Ukraine would continue reforms despite the crisis in relations between the Government and the parliamentary coalition. The President highlighted the necessity of refreshing the Cabinet of Ministers without early parliamentary elections that would only deepen the political crisis and deteriorate the conditions for reforms. Petro Poroshenko stressed his willingness to carry out decisive actions to ensure political and financial stability in the state. The parties agreed to elaborate a roadmap of the top-priority reforms that will give a boost to the Ukraine-IMF relations. They also agreed on the necessity of urgent adoption of all reformist laws by the Ukrainian Parliament. |
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| Source Link | Link to Main Source https://www.imf.org/external/np/sec/pr/2016/pr1650.htm |
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| Countries / Regions | Ukraine |
