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Ukraine is moving in the right direction, the IMF

Украина движется в правильном направлении, - МВФAccording to Longman, economic success will lead to reform and “good policy”.

The implementation of reforms and balanced macroeconomic policies will lead Ukraine to economic success. This was stated by the permanent representative of the International monetary Fund (IMF) in Ukraine Jost Longman.

According to him, preservation of the achieved macroeconomic stability is necessary for the growth and prosperity of Ukraine.

“Good macroeconomic policies over the past four years has helped to reduce economic disparities and bring the Ukrainian economy from a difficult recession. The Central Bank is doing everything possible to focus on reducing inflation and ensuring external balance. The government successfully reduced the budget deficit, public debt also started to decrease”, – said Longman.

He also noted the structural reforms that were initiated in 2014, including reform of the financial and energy sectors, as well as the creation of institutions to combat corruption. Longman drew attention to the importance of continuing these reforms to strengthen the economy and attract the necessary investment.

“The last four years have demonstrated that Ukraine is moving in the right direction,” he added.

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