Currently Ukraine is doing what it has not been doing for 20 years, IMF representative said.
The International Monetary Fund (IMF) observes improvements in Ukraine’s economy, IMF Resident Representative in Ukraine Jerome Vacher said at the Ukrainian Financial Forum in Odessa, Correspondent reports.
“Currently Ukraine is doing what it has not been doing for 20 years. There are the signs of financial stability”, - he said.
According to Vacher, the Ukrainian economy can become competitive after Ukraine manages to overcome corruption. After this, the business environment will improve in the country.
“The anti-corruption institutions have appeared so far. We need to deepen their work. We need to create institutions, which will facilitate development of small and medium business”, IMF representative emphasized. He also added that if the corruption is overcome, the Ukrainian economy will be able to become competitive soon.
It should be noted that several days ago Vacher declared that Ukraine’s economy is recovering with the progress rate, insufficient for IMF.
According to Correspondent.net, on September 16, Ukraine obtained IMF third tranche.
