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Ukrainian President and IMF Chief agreed on elaboration of roadmap for reforms

President of Ukraine Petro Poroshenko in a phone conversation with Christine Lagarde, Managing Director of the International Monetary Fund (IMF) stressed his willingness to carry out decisive actions to ensure political and financial stability
Ukrainian President and IMF Chief agreed on elaboration of roadmap for reforms

President of Ukraine Petro Poroshenko had a phone conversation with Christine Lagarde, Managing Director of the International Monetary Fund (IMF) on Wednesday evening, Joinfo.ua reports with reference to the Presidential press service.

President Poroshenko emphasized 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 will 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 Parliament.
Christine Lagarde also issued a statement on the results of the conversation.

“The President reassured me of his unwavering commitment to reforms, including improving governance and fighting corruption. We agreed on the principle of a roadmap of actions and priority measures to ensure prompt progress under the program, which will help keep Ukraine on a path toward robust and sustainable growth,” – Lagarde said.

It should be recalled that Christine Lagarde said on Wednesday morning that Ukraine must fulfill the promised anti-corruption reforms or risk losing the support of the IMF. The statement followed the resignation of Ukraine Economy Minister Aivaras Abromavicius.

“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,” she said.

“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.”