RSS   Newsletter   Contact   Advertise with us

Ukraine PM Groysman sees IMF deal by end of February

Staff Writer | February 11, 2017
Ukraine expects to reach a deal with the International Monetary Fund by the end of the month to allow the next tranche of aid, Prime Minister Volodymyr Groysman said.
Volodymyr Groysman
Tensions   The IMF has to be "realistic"
Groysman, speaking in an interview with Reuters, also blamed Russia for the biggest surge in violence in Ukraine's industrial east for more than a year. He called on U.S. President Donald Trump to provide "defensive weapons" to Ukraine to bring Moscow back into peace talks.

"We have practically completed negotiations (with the IMF) and only a few nuances remain," he said of talks with the global lender to unlock the latest series of loans under Ukraine's $17.5 billion, four-year bailout by the end of the month.

The disbursement of $1.7 billion worth of aid, part of a plan to aid recovery from an economic crisis aggravated by the separatist conflict in the east, has been delayed since October.

Groysman, 39 and an ally of President Petro Poroshenko who last April was brought in to end parliamentary infighting that threatened Western-backed reforms, said Kiev intended to cooperate with the Washington-based lender.

But he said the IMF needed to have "realistic" expectations on what Ukraine could achieve in terms of judicial reforms that are holding up talks.