Tags: EU | Ukraine | IMF

IMF Chief Pleased with Economic Progress in Ukraine

IMF Chief Pleased with Economic Progress in Ukraine

Sunday, 06 September 2015 03:51 PM EDT

KIEV, Ukraine (AP) — International Monetary Fund chief Christine Lagarde has told Ukraine's president that she was impressed with the progress his government has made toward stabilizing the Ukrainian economy.

Lagarde was in Kiev before a visit by an IMF mission to assess whether Ukraine has met the necessary conditions to receive the third installment of a four-year $17.5 billion loan.

She told President Petro Poroshenko on Sunday she was impressed by how much his government had achieved in just several months.

The IMF projects that Ukraine's economy will contract by 9 percent this year, but this actually suggests signs of stabilization, given that it includes a horrendous 17.6 percent contraction in the first quarter.

Ukraine has received $6.7 billion from the IMF this year. The next installment would be $1.7 billion.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
International Monetary Fund chief Christine Lagarde has told Ukraine's president that she was impressed with the progress his government has made toward stabilizing the Ukrainian economy.Lagarde was in Kiev before a visit by an IMF mission to assess whether Ukraine has met...
EU,Ukraine,IMF
131
2015-51-06
Sunday, 06 September 2015 03:51 PM
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