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IMF is eager to help people of Ukraine: Gerry Rice

An IMF team in Kiev will begin negotiations with Ukrainian authorities about an economic reform program

March 14, 2014 1:33 IST | India Infoline News Service
Gerry Rice, Director of Communications, International Monetary Fund, on Thursday said that IMF is eager to help the people of Ukraine.
An IMF team in Kiev will begin negotiations with Ukrainian authorities about an economic reform program.
"The team will work with the Ukrainian authorities to develop an economic reform program that will result in sound economic governance and sustainable growth, while protecting the vulnerable in society, and that can be supported by the IMF in accordance with its policies," IMF Managing Director Christine Lagarde said in a statement.
The IMF's last loan program to Ukraine for $15 billion went awry when the government failed to implement reforms.
In the past, the IMF has asked Kiev to cut its large fiscal deficit, float its exchange rate, and phase out costly energy subsidies. Similar conditions are expected to be attached to any new IMF bailout package.

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