Yulia Tymoshenko’s government fulfilling IMF obligations

The YuliaTymoshenko government is exerting all its effort in fulfilling its obligations before the International Monetary Fund, according to consultations in Washington, D.C. between a Ukrainian delegation and the IMF leadership.

Vice Prime Minister of Ukraine for European and International Integration, Hryhoriy Nemyria emphasized that continued successful cooperation with the IMF is of the highest importance for Ukraine inasmuch as it allows the country to steadily and assuredly emerge from the crisis.

During the consultation, both sides discussed the state of cooperation between Ukraine and the IMF and the necessary measures for completing a successful review program.

As is generally known, Prime Minister Yulia Tymoshenko is counting on the Inernational Monetary Fund to continue cooperation with Ukraine within the framework of the two-year stand-by loan program.

"We are fighting for continued cooperation and I think this will be achieved by the end of the year,” said Yulia Tymoshenko.

For the time being, only acting Finance Minister Ihor Umansky and Yulia Tymoshenko have signed the letter on continued cooperation. In this way, Ukraine, having sent the IMF signatures from the heads of government, state and National Bank, should demonstrate its unified position regarding the conditions for continued cooperation and the receipt of the fourth loan installment.

As is generally known, the International Monetary Fund in November 2008 approved a decision to start a two-year stand-by loan program with Ukraine for the amount of $16.4 billion. Ukraine has since 2008 received three tranches from the IMF totaling $12 billion.