IMF program to ensure stable hryvnia and resumption of economic growth in 2016 – Yatseniuk

12:12, 12.02.2015 1 min read

A successful implementation of the new cooperation program with International Monetary Fund (IMF) will help Ukraine to stabilize its financial situation, but only if Russia halts its aggression, and to resume economic growth in 2016, Ukrainian Premier Arseniy Yatseniuk has said.

"We hope in case the program gains success and Russia halts aggression that the Ukrainian economy will face growth in 2016," he said at a press conference in Kyiv on Thursday.

"The aim is to stabilize the banking system and the currency rate," the premier stressed.

As reported, the IMF mission that was working in Ukraine from January 12 to February 11, 2015, has reached an agreement with the Ukrainian government on a four-year Extended Fund Facility worth SDR 12.35 billion (about $17.5 billion, or EUR 15.5 billion), IMF Managing Director Christine Lagarde said in Brussels on Thursday.