Deputy head of the IMF: the crisis gives the government of Ukraine the possibility of a breakthrough
The crisis provides the government of Ukraine the opportunity for a decisive breakthrough and implementation-oriented policy reforms, said 1st Deputy managing Director international monetary Fund (IMF) David Lipton.
on Wednesday, the IMF Kiev a new program of assistance to 17, $ 5 billion, which is designed for four years. Lipton recognized that this program paired with exceptional risk, most with those that are associated with the conflict in the East of the country." According to him, " This may affect the ability of a country to take steps to stabilize and restore "promotion.
While Lipton drew attention to the commitment of the Ukrainian authorities to stabilize the financial system, maintaining confidence in the banking system, but also on strengthening financial regulation and supervision ". For example, he said " the progress made in the recapitalization of systemically important credit institutions and the elimination of the weaknesses of other credit organizations ".
"This is a decisive implementation of the Bank strategy will be critical to restoring confidence from the public," he said.
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