World Bulletin / News Desk
The IMF assistance program to Ukraine will be for a period of four years and implies financial assistance to the Kiev authorities to be confirmed gradually, in return for implemented reforms in Ukraine, aimed, according to the IMF statement, to “put the economy on the path to recovery” and “strengthen public finances.”
“Ukraine has been an incredibly encouraging situation,” IMF managing director Christine Lagarde said earlier this week. “We have seen political determination to change the face of Ukraine,” she said.
Kiev has welcomed the new tranche, “The new tranche will encourage growth in the economy and reassure financial markets both domestically and internationally,” the Ukrainian Finance Ministry said in a statement.