Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Tunisia's Parliament votes on new Government

Read more

MEDIAWATCH

French court rules #burkini ban "clearly illegal"

Read more

THE WORLD THIS WEEK

Biden in Turkey, Colombia Peace Deal, Ethiopia Olympic Protest (part 2)

Read more

THE WORLD THIS WEEK

Earthquake in Italy, French Burkini Ruling (part 1)

Read more

FRANCE IN FOCUS

The hidden secrets of Les Invalides

Read more

FOCUS

Pro-Opposition stronghold Port-Gentil feverishly awaits presidential elections

Read more

ENCORE!

Alexis Michalik: treading the boards in the footsteps of 'Edmond'

Read more

REPORTERS

Getting away with murder in DR Congo

Read more

IN THE PAPERS

'Why does Italy refuse to see the seismic risk?'

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)