Groisman: the IMF is a temporary measure for the economy of Ukraine

Prime Minister of Ukraine Volodymyr Groysman stressed the importance of continuing cooperation with the International monetary Fund (IMF) to solve the accumulated problems. He stated in a speech at the annual investment conference, transfers “112 Ukraine”.

“We will continue our cooperation with the IMF. We will fight to carry out this reform and, as a consequence, we count on further cooperation”, – he said.

In this case, Groisman stressed that cooperation with the IMF is a temporary measure to help Ukraine return to the path of sustainable economic growth.

“We need to revive the national economy, the economy needs to work properly so we can eventually pay off debt that Ukraine has”, – he added.

We will remind, Ukraine a few days ago agreed on the final version of the Memorandum of cooperation with the IMF. As a result, this month the government expects to receive next loan tranche of one billion dollars.

Ukraine and the IMF in March 2015 signed a Memorandum of economic and financial policies which the country should undertake in the framework of the extended Fund (EFF).

Just program worked for Ukraine of about $ 17 billion of which have already been allocated 7,7 billion dollars.

So, in September 2016 after a delay of a year, the IMF has approved granting Ukraine the third tranche in the amount of one billion dollars.