Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

French education: Reinventing the idea of school

Read more

FRENCH CONNECTIONS

Frogs legs and brains? The French food hard to stomach

Read more

#TECH 24

Station F: Putting Paris on the global tech map

Read more

THE INTERVIEW

Davos 2017: 'I believe in the power of entrepreneurs to change the world'

Read more

#THE 51%

Equality in the boardroom: French law requires large firms to have 40% women on boards

Read more

FASHION

Men's fashion: Winter 2017/2018 collections shake up gender barriers

Read more

ENCORE!

Turkish writer Aslı Erdoğan speaks out about her time behind bars

Read more

REVISITED

Video: Threat of economic crisis still looms in Zimbabwe

Read more

BUSINESS DAILY

DAVOS 2017: Has the bubble burst?

Read more

Europe

IMF secures reform commitment from Ukraine after bailout warning

© Genya Savilov, AFP | Ukrainian President Petro Poroshenko shows a document during his press conference in Kiev on January 14, 2015.

Text by NEWS WIRES

Latest update : 2016-02-11

Ukraine's president on Thursday told the International Monetary Fund he was committed to pursuing reforms to keep Kiev's $17.5 billion IMF bailout on track, after a sharp warning from the lender that the funds were at risk.

"Without a substantial new effort to invigorate governance reforms and fight corruption, it is hard to see how the IMF-supported program can continue and be successful," IMF chief Christine Lagarde said in a statement.

In an apparent reference to Abromavicius's complaint that vested interests still dominated Ukrainian policymaking, Lagarde said she was concerned about slow progress on corruption.

Later, however, Lagarde and Ukrainian President Petro Poroshenko spoke by telephone and agreed to draw up a "roadmap" aimed at keeping reforms moving forward.

"The president noted the necessity of rebooting the government without snap elections, which would only deepen the political crisis and worsen conditions for carrying out reform," a statement on Poroshenko's official website said.

In a separate statement, Lagarde said Poroshenko "reassured me of his unwavering commitment to reforms, including improving governance and fighting corruption."
"We agreed on the principle of a roadmap of actions and priority measures to ensure prompt progress," she said.

(REUTERS)

Date created : 2016-02-11

  • FINANCE

    Disgraced former IMF chief Strauss-Kahn joins Ukrainian bank

    Read more

  • GREECE

    IMF says new Greece bailout depends on debt relief, reforms

    Read more

COMMENT(S)