Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Malawi: HIV-infected man paid to have sex with girls arrested

Read more

ACROSS AFRICA

Meet Omar, the 10-year-old chef who became a social media star

Read more

EYE ON AFRICA

Gigantic snails are a delicacy in Ivory Coast

Read more

FRANCE IN FOCUS

La vie en gris: The story behind France's famed rooftops

Read more

REPORTERS

Video: Olympic refugee team goes for gold

Read more

FOCUS

Taiwan's nuclear dumping ground

Read more

ENCORE!

Greece: Creativity in a time of crisis

Read more

BUSINESS DAILY

French growth grinds to a halt over strikes

Read more

IN THE PAPERS

Norway will 'move mountains' for Nordic neighbour Finland

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)