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Friday, March 13, 2015

WHITE HOUSE STATEMENT ON NEW IMF PROGRAM FOR UKRAINE

FROM:  THE WHITE HOUSE
March 11, 2015
Statement by the Press Secretary on Approval of a New IMF Program for Ukraine

We welcome today’s approval by the IMF board of a new four-year $17.5 billion Extended Fund Facility (EFF) for Ukraine.  The EFF, which is underpinned by an ambitious series of economic reforms, underscores both the commitment of the Ukrainian government and central bank to take the steps needed to lay a foundation for robust growth, and the commitment of the international community to provide financing to help stabilize Ukraine’s economy as it implements these reforms.  The United States is working alongside international partners to provide Ukraine with the financial support it needs as it continues to take steps that will transform the Ukrainian economy and strengthen its democracy.