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IMF to continue crediting Ukraine after political crisis settled

The fund also expects Ukraine to show progress in fighting corruption.

IMF to continue crediting Ukraine after political crisis settled
Photo: EPA/UPG

The International Monetary Fund (IMF) needs more clarity about the status of the government and the coalition in Ukraine to continue its loan programme, the director of the IMF's communications department, Gerry Rice, said at a briefing in Washington on 3 March.

"We need to have more clarity about the status of the government and the coalition for us to be able to engage on policies to strengthen and transform the economy and to pave the way for the completion of the second review," he said.

He recalled that Ukrainian President Petro Poroshenko recently reassured the IMF of his commitment to the reforms, including improving governance and fighting corruption.

"And so, in the last weeks that’s been the focal point of the discussions about measures to ensure progress towards tangible results in these areas," Rice continued.

He added that the IMF was not part of the discussions between Ukraine and Russia over the 3bn-dollar debt, but the fund continues to encourage Ukraine and Russia to achieve a cooperative solution.