Ukraine begins consultations with IMF mission

The IMF mission has arrived in Ukraine, and the consultations have currently begun.
Ukrainian Prime Minister Arseniy Yatseniuk said this at the beginning of a government meeting on Friday, an Ukrinform correspondent reported.
“The IMF [mission] has arrived in Ukraine. The consultations have begun. All the ministers have to start active cooperation with our partners from the IMF,” Yatseniuk said.
He said that financial assistance from the IMF would be primarily aimed at the fulfillment of Ukraine’s obligations under last year’s loans.
“It is not we who borrowed $40 billion over the past few years. This money was borrowed by [former Ukrainian President] Viktor Yanukovych and the former regime. Now we need to repay Ukraine’s debt obligations. This will guarantee that Ukraine will fulfill its obligations. Then investors will return to Ukraine, then Ukraine’s gold and foreign currency reserves will be accumulated and the exchange rate will get stabilized,” he said.

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