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Lagarde: "Hard to see how IMF Ukraine programme can continue"

The fund is unhappy with corruption and the pace of reforms in Ukraine.

Lagarde: "Hard to see how IMF Ukraine programme can continue"
Photo: EPA/UPG

Christine Lagarde, managing director of the IMF, has said the IMF Ukraine programme can be stopped.

"I am concerned about Ukraine’s slow progress in improving governance and fighting corruption, and reducing the influence of vested interests in policymaking. Without a substantial new effort to invigorate governance reforms and fight corruption, it is hard to see how the IMF-supported programme can continue and be successful," the IMF statement reads.

"Ukraine risks a return to the pattern of failed economic policies that has plagued its recent history," it quoted Lagarde as saying.