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Ukrainian President and IMF Director agreed on further assistance to Ukraine

Ukraine expects to receive the next tranche from the IMF after the meeting of the Ukrainian President Petro Poroshenko with Christine Lagarde, the Managing Director of the International Monetary Fund (IMF) in Davos
Ukrainian President agreed with Director of IMF on further assistance to Ukraine

On Thursday of January 21, President of Ukraine Petro Poroshenko had a meeting with Christine Lagarde, Managing Director of the International Monetary Fund (IMF), Joinfo.ua reports with reference to Interfax-Ukraine.

Christine Lagarde said after talks with Ukrainian President Petro Poroshenko in Davos that it was a very productive discussion.

“I think it was a very productive discussion, which, I hope will bring us closer to the signing of the memorandum our teams are working on, and I hope this process will be completed successfully,” – she said.

This allows Ukraine to expect receiving of the next tranche from international lenders.

President Petro Poroshenko expressed his confidence that the negotiations will bring a positive result.

“We are now at the stage of discussions on the future of the memorandum with the IMF, we are close to the agreement. In my view, an ambitious program of reforms will help Ukraine in 2016, and I am grateful to Christine Lagarde for this,” – said Poroshenko.

At this meeting, Lagarde and Poroshenko discussed issues of economic development in Ukraine and adoption of the budget 2016.

Earlier, Finance Minister of Ukraine Natalie Yaresko said that the IMF agreed that the state budget 2016 meets the objectives of Ukraine’s cooperation program with the Fund.