Lagarde Says Ukraine Must Reform or Risk IMF Program Failing
By
IMF Managing Director Christine Lagarde.
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It’s `vital’ that country’s leaders act now, IMF chief says
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Government’s 2019 bonds head for worst week since being issued
The head of the International Monetary Fund raised the pressure on Ukraine’s leaders, saying the country’s $17.5 billion bailout program risks failure unless they kick start an overhaul of the economy and fulfill pledges to combat graft.
“Without a substantial new effort to invigorate governance reforms and fight corruption, it’s hard to see how the IMF-supported program can continue and be successful,” Managing Director Christine Lagarde said Wednesday in a statement. “Ukraine risks a return to the pattern of failed economic policies that’s plagued its recent history. It’s vital that Ukraine’s leadership acts now to put the country back on a promising path of reform.”…
Lagarde Says Ukraine Must Reform or Risk IMF Program Failing
