IMF: Ukrainian authorities should think about reforms, not elections

МВФ: Украинские власти должны думать о реформах, а не о выборах

Lipton advises Kiev not to think about the elections

Lipton gave some advice to the Ukrainian authorities.

Kiev needs to focus on reforms, not prepare for the forthcoming elections. This was stated by first Deputy head of the IMF David Lipton in an interview with Interfax-Ukraine.

“Ukraine, above all, it is important to follow the plan of reforms and to reach agreement with us on the next revision… the Main thing now is whether Ukraine will be able to strengthen the stabilization and move to economic growth, which will allow the country to solve its problems. This is the most important issue is not the time to think about elections,” he said.

Lipton advises authorities to focus on moving forward on the issue of refinancing debt and strengthening public finances.

“You need to use the time before the election to move forward on the program and to achieve greater progress. Then everyone will be able to conduct an election campaign in a stronger economy,” he said.

Lipton recalled that Ukraine had not to search through a cooperation program with the IMF, as only planned some stabilization in the economy, which subsequently affected the situation.

“If Ukraine decides to suspend the reform or to take a step back, she could lose everything achieved to date, the benefits of the implemented changes,” warned the Deputy head of the IMF.

As reported, the international monetary Fund has expressed confidence in achieving progress in the negotiations on Ukraine the next tranche of funding under the program increased funding of the EFF in the coming days.