Business news from Ukraine

IMF REPRESENTATIVE AT MEETING WITH UKRAINIAN PREMIER: IMF READY TO SUPPORT UKRAINE IN REFORMS

11 May , 2016  

KYIV. May 11 (Interfax-Ukraine) – Ukrainian Prime Minister Volodymyr Groysman and Director of the International Monetary Fund’s (IMF) European Department Poul M. Thomsen have discussed Ukraine’s cooperation with the IMF.

“Support is important for Ukraine in hard times, including support of the IMF. We also consider our cooperation as an opportunity of conducting structural reforms that would allow transforming Ukraine from the post-Soviet state into a modern European country,” Groysman said at a meeting with Thomsen on Tuesday, the government’s press service reported.

The prime minister said that the new Ukrainian government cleaves to the line of conducting and accelerating reforms in the country, particularly in the customs, taxation areas, transparency of public administration via public appointment of heads of state-run enterprises, improvement of the public procurement system and conducting open privatization.

“We believe that reforms are our homework, and the IMF is a strategic partner who helps use to take this difficult course,” Groysman said.

He said that jointly with the Group of Strategic Advisors for Support of Reforms in Ukraine with co-chairs Leszek Balcerowicz and Ivan Miklos the government is working on the action plan that would be presented soon.

Thomsen, in turn, welcomed the formation of the new government and said that the IMF is ready to support Ukraine in reforms.