Christine Lagarde impressed with Ukraine’s progress.

UKRAINE - In Brief 07 Sep 2015 by Dmytro Boyarchuk
On September 6 Ms. Christine Lagarde, Managing Director of the IMF, visited Kyiv. During this visit she expressed her optimism about observed results. “I am extremely encouraged by the progress that has been achieved in the past few months” said Ms. Lagarde. “In a difficult environment, macroeconomic stabilization is taking hold and the economy shows signs of turning the corner”, mentioned the IMF official. In fact it is for the first time Ukraine deserves such a compliment from the IMF official. We are not inclined to overestimate this message. So far only some initial steps have been made and the whole reformation process could be easily reverted. For the moment the main risk is related to potential reaction of Ukrainians on boosted heating bills this fall (the Cabinet is really nervous about this point). Nevertheless, this message from Ms. Lagarde sounds really encouraging in the context of further cooperation with the IMF and other western partners. Put it different, should Ukraine weather the upcoming months without step backs on critical changes (like heating tariffs), the country will finally leave quite dangerous turbulence zone. And for sure in this case substantial foreign currency inflow from the IFI’s will be secured.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.