Press Release No. 14/87

Press Release: Statement by IMF European Department Director Reza Moghadam on his Visit to Ukraine

March 7, 2014

“During my visit to Kyiv on March 6-7, I had productive discussions with the Prime Minister and his economic team. I am positively impressed with the authorities’ determination, sense of responsibility and commitment to an agenda of economic reform and transparency. The IMF stands ready to help the people of Ukraine and support the authorities’ economic program to put Ukraine firmly on the path of good economic governance and sustainable growth while protecting the poor and vulnerable.

“Our fact-finding mission that has been working in Kyiv from March 4 is progressing well. The mission is developing a good understanding of the extent to which imbalances need to be corrected to stabilize the economy. This will guide the mission’s recommendations to the IMF management on the subsequent course of action. We will continue to consult with all key stakeholders.”

During his visit to Kyiv, Mr. Moghadam met with Acting President and Speaker of Verhovna Rada Oleksandr Turchynov, Prime Minister Arseniy Yatsenyuk, Governor of the National Bank of Ukraine Stepan Kubiv, Minister of Finance Oleksandr Shlapak, Minister of Economic Development and Trade Pavlo Sheremeta and their senior colleagues.