17:45 18.08.2016

Ukraine needs no IMF disbursement now with stable currency exchange rate, enough reserves – Pyatt

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Ukraine needs no IMF disbursement now with stable currency exchange rate, enough reserves – Pyatt

Ukraine today does not need a disbursement from the International Monetary Fund (IMF), as the country has the stable foreign currency exchange rate and enough reserves, U.S. Ambassador to Ukraine Geoffrey Pyatt has said.

"The good news is, as a practical matter, Ukraine doesn’t need the IMF disbursement today. Their exchange rate is stable, their reserves are solid, the confidence is still there," he said in an interview with the Ukraine Business Journal.

"The IMF has been very careful to package the delay of its disbursement in a way that at the senior most level on down has signaled to continue confidence in Ukraine, but also continued tough love on the principles attached to conditionality," he said.

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