Press Release No. 19/140

Statement by the IMF Managing Director on her Telephone Call with the President of Ukraine Petro Poroshenko

May 3, 2019

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), held a telephone conversation today with Petro Poroshenko, outgoing President of Ukraine.

Following the call, Ms. Lagarde made the following statement:

“I thanked President Petro Poroshenko for the close cooperation during his presidency, during which Ukraine successfully returned to macro-stability and growth, following the deep economic crisis of 2014–15.

“We agreed that it is crucial to safeguard the important progress made during the President’s tenure in advancing key reforms, and especially to ensure the independence of the central bank and maintain the stability of the banking system. We also agreed that much remains to be done to complete the transformation of Ukraine into a modern market economy that is firmly governed by the rule of law and that is able to attract the higher levels of investment needed to achieve stronger and sustainable growth, and for incomes to catch up with the levels seen in Ukraine’s regional peers.

“The Fund stands ready to continue to support Ukraine in these efforts.”