IMF European Department Director Reza Moghadam said he had held "productive" talks with Prime Minister Arseniy Yatsenyuk and his economic team over the past two days, as the country seeks emergency help.
"I am positively impressed with the authorities' determination, sense of responsibility and commitment to an agenda of economic reform and transparency," Moghadam said in a statement.
"The IMF stands ready to help the people of Ukraine and support the authorities' economic program to put Ukraine firmly on the path of good economic governance and sustainable growth while protecting the poor and vulnerable."
- The new government has said it inherited virtually empty coffers after the previous president Viktor Yanukovych was ousted on February 22.
- The IMF, the United States and European powers have said it needs to commit to deep reforms, including hiking heavily subsidized energy prices, in order to gain a financial support package.
http://www.channelnewsasia.com/news/business/international/imf-impressed-with/1024868.html
8/3/14
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Ukraine forms new defense force, seeks Western help...
ReplyDelete(Reuters) - Ukraine's interim leaders established a new National Guard on Tuesday and appealed to the United States and Britain for assistance against what they called Russian aggression in Crimea under a post-Cold War treaty.
Blaming their ousted predecessors for the weakness of their own armed forces, acting ministers told parliament Ukraine had as few as 6,000 combat-ready infantry and that the air force was outnumbered nearly 100 to 1 by Moscow's superpower forces..............http://www.reuters.com/article/2014/03/11/us-ukraine-crisis-idUSBREA1Q1E820140311?feedType=RSS&feedName=worldNews
11/3/14
Ukraine, IMF discuss economic, financial policy. — Ukrainian finance minister...
ReplyDeleteUkraine’s Finance Minister Oleksandr Shlapak, appointed by the Verkhovna Rada, said on Wednesday Ukraine and the IMF (International Monetary Fund) were working on economic and financial policy for Kiev.
“The Ukrainian government holds consultations with the IMF daily. We’re working on economic and financial policy for Kiev,” Shlapak said, adding that the parties were planning to give an account on the first stage of cooperation before Arseniy Yatsenyuk, who was appointed as Prime Minister by the Verkhovna Rada, left for Brussels. The visit is slated for March 21.
“The government will fulfil all obligations because it has no other way,” the Ukrainian prime minister said.
Ukraine and the IMF signed the memorandum in the summer 2010. The IMF opened a financial support program to Ukraineworth $15.5 billion. Ukraine received two tranches woth $3 billion. The program was suspended due to the fact that Ukraine failed to fulfil the IMF conditions.
The IMF mission has worked in Kiev since March 4 under the leadership of Bulgaria’s Nikolay Georgiev. On March 21, experts should assess the situation in the country and discuss economic reforms.
http://en.itar-tass.com/world/724323
19/3/14