Ukrainian President Viktor Yuschenko has said that Ukraine must continue the program of cooperation with the International Monetary Fund (IMF) should be preserved and said he regrets that the government failed to comply with five of the six preliminary conditions put forwards by the IMF.
“We should rationally approach the budget tasks for
the next five months, clearly understanding that we should preserve the
program for cooperation with the International Monetary Fund at any
price. Unfortunately, the Ukrainian government hasn’t complied with
five out of six preliminary conditions and the continuation of the
program has been put at threat,” Yuschenko said in an interview with
Ukrainian business publications, the presidential press service
reported on Thursday.
At the same time, the president stressed that the government should not raise foreign loans under non-transparent conditions.
Yuschenko insists that the cooperation with the IMF
should be continued, as it will motivate the Ukrainian government to
hold reforms and signal about Ukraine’s investment appeal.
