Statement by the IMF Managing Director on Ukraine

Stocks and Financial Services Press Releases Wednesday June 20, 2018 09:10
IMF--20 Jun--International Monetary Fund

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), and Petro Poroshenko, President of Ukraine, spoke yesterday about recent events. Following the call, Ms. Lagarde issued the following statement:

"I am very encouraged by the adoption of the law on the High Anti-Corruption Court (HACC) by the Ukrainian parliament, which is an important step forward in the authorities' fight against corruption. The new law paves the way for setting up an independent and strong anti-corruption court that together with existing institutions (NABU and the Special Anticorruption Prosecutor's Office) will contribute to delivering the accountability and justice that the people of Ukraine demand of their public officials.

"In this regard, I commended the President for his leadership that enabled the approval of the law, and welcomed his intention to make the court operational by the end of this year. We agreed that it is now important for parliament to quickly approve the supplementary law submitted by the President to formally establish the court, as well as the necessary amendments to restore the requirement that the HACC will adjudicate all cases under its jurisdiction, including all appeals of relevant first instance court decisions, as it was in the draft law approved in the first reading.

"We also agreed to work closely together, including with the government, toward the timely implementation of this and other actions, notably related to gas prices and the budget, that are critical to allow the completion of the pending review under Ukraine's IMF-supported program."


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