Ukraine should step up efforts to sign new IMF program, experts say » Interfax News Wire

Ukraine should step up efforts to sign new IMF program, experts say » Interfax News Wire :: Russia, Ukraine, Kazakhstan and Central Asia:

"Ukraine should step up efforts to sign a new Stand-By Arrangement with the International Monetary Fund (IMF) to stabilize the economic situation and resist pressure from Russia, say experts from the German Advisory Group, which is forming recommendations for the authorities of Ukraine.

“Ukraine has come under intense economic pressure from Russia three months before the expected signing of the Deep and Comprehensive Free Trade Area Agreement (DCFTA) with the EU. To stabilize the economic situation and resist pressure from Russia, Ukraine should intensify efforts to sign a new IMF program,” reads a statement by the group experts, the text of which has been sent Interfax -Ukraine.

The group experts believe that Ukraine should sign an agreement with the IMF in the near future, following the requirement to increase the flexibility of the currency exchange rate and raise energy tariffs: macroeconomic stability can be achieved only after these requirements are met."

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