- Tweeter
republish
The IMF and Ukraine announced on Saturday (December 7th) that they have reached an agreement in principle for a substantial loan of $ 5.5 billion after long and difficult weeks of negotiations. The previous program had been interrupted in particular because of suspicions of wrongdoing.
The International Monetary Fund (IMF) and Kiev are again on the same wavelength but with conditions. For the $ 5.5 billion in loans to be effectively paid to Ukraine over the next three years, the country will have to prove that it is fighting corruption effectively.
Kristalina Georgieva, President of the IMF , warned Ukrainian President Volodymyr Zelenskiy in a telephone conversation. " Ukraine's economic success depends crucially ", she said, " the strengthening of the rule of law, the integrity of the judiciary, and the reduction of personal interests in the economy ". Kristalina Georgieva nevertheless congratulated Ukrainian President Volodymyr Zelenskiy on the economic reforms already carried out, particularly in the banking sector.
These IMF requirements are being posted as Ukraine finds itself in the midst of a scandal behind the impeachment proceedings launched in the United States against President Donald Trump. Elected president of Ukraine eight months ago, former comedian Volodymyr Zelenskiy has reportedly been pressured by his US counterpart to investigate the son of a Democratic presidential candidate in the United States.
►Listen also : Ukrainian economy, the revival