According to the results of the second review of Ukraine’s compliance with IMF programs, the Fund is impressed with the government’s efforts for reform and renewal of the economy.
It was noted during a press conference on Friday 7 October in Washington, the Director of the European Department of the IMF’s Paul Thomsen, said «UKRINFORM».
«We see that (economic) policy is on track and meets the objectives of the programme. What does it mean? Frankly, I think if we look at the macroeconomic performance of Ukraine – they are very striking,» — said the representative of the Fund.
In this regard, he expressed positive views about the achievement of financial regulation, despite the significant increase in spending on security and defense. In addition, the representative of the Foundation recalled the introduction of a flexible exchange rate, as well as the alignment of energy prices. According to Thomsen, the Ukrainian government has made «significant outcomes» in conducting structural reforms.
«In the end we have tangible macroeconomic stabilization in the financial system and the resumption of economic growth in Ukraine», — stated the head of the European Department of the IMF.
For the fact that Ukraine has preserved the current level of international economic support, including from the IMF, it must deal with the main challenge — to overcome corruption, noted Thomsen.
«The main challenge for the Ukrainian authorities is that they really need to mobilize a solid determination to overcome the problem of corruption. I think it is key to move forward,» — said the representative of the Fund.
He expressed the belief that Kiev «is aware of the importance of this for Ukraine and for the international community», which seeks to continue to support the country’s current «quite widespread».
Thomsen said that the IMF had expressed its concern regarding the pace of reforms aimed at reducing corruption.
«In this regard, there were several initiatives, including the current program (of the IMF), to be (further) review in Ukraine, including the requirement for senior officials to declare their assets», — said the Director of the European Department of the IMF.
As reported, Ukraine’s International reserves on October 1, 2016 was $ 15,589 billion according to preliminary data. In NBU said that the increase in reserves in September was due to revenue from three sources: third tranche from the IMF in the amount of 1,002 billion; associated with the IMF program of official financing. Namely, $ 1 billion Eurobonds by the Ministry of Finance under the guarantees of the U.S. government; funds from the placement of government bonds of 100.1 million dollars.
The IMF said that macro-economic achievements of Ukraine are impressive, but the key task is to overcome corruption 08.10.2016