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Lagarde: Ukraine should take advantage of "favorable external environment" to accelerate reforms

The head of the IMF called the talks with Poroshenko "constructive."

Lagarde: Ukraine should take advantage of "favorable external environment" to accelerate reforms
Photo: Photo: presidential press service

Christine Lagarde, Managing Director of the International Monetary Fund (IMF) after a 24 January meeting with President of Ukraine Petro Poroshenko, in Davos, Switzerland, said that Ukraine should take advantage of the current favorable external environment to accelerate reforms.

Following the meeting, Ms. Lagarde said that she highlighted that "Ukraine should take advantage of the current favorable external environment to accelerate reforms and transition to stronger growth, which is necessary to improve people's living standards in a sustainable manner."

Lagarde said she welcomed the nomination of "a fully independent and permanent Governor of the National Bank of Ukraine."

Lagarde described the meeting in Davos with Poroshenko as "constructive".

"I had a good and constructive meeting with President Poroshenko and his team, during which we are discussing the recent economic developments and prospects for Ukraine, as well as the implementation of measures that will be the way for the completion of the pending review under the IMF-supported program " she said .

The managing director confirmed that the Fund "together with other international partners, and in the future is ready to support Ukraine in its reform efforts."

After the meeting with Lagarde, President Poroshenko thanked the IMF partners for the powerful signal in support of Ukraine.

"It is very important for us to continue cooperation with the IMF in 2018," said Poroshenko.

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