18:12 Apr. 15, 2016
Ukraine would be able to restore trust and confidence of its international partners only if it fully implements the IMF program - Jaresko
Ukraine's ex-Finance Minister Natalie Jaresko has voiced some advice to newly appointed Prime Minister Volodymyr Groysman, Voice of America's Ukrainian Service reported.
Jaresko said that despite a modest economic growth in Ukraine, its population will be able to benefit from it only over time.
"Economic well-being significantly depends on the security situation in Ukraine's Donbas. Ukraine is committed to a peace process, but it requires full implementation of the Minsk agreements, particularly by the aggressor," ex-minister emphasized.
The global economic environment is also challenging, according to Jaresko, as evidenced in a report of the International Monetary Fund (IMF), raising concern over extremely low growth rates in developing economies.
Jaresko also encouraged a continued focus on a restrictive fiscal policy and reduction of the budget deficit, and to be thoughtful about own resources.
Ex-minister stressed that Ukraine's new Cabinet [of Ministers] has to be consistent in implementing the IMF program, particularly, to bring gas prices to a market level, which is critically important, according to Jaresko.
She also added that populism risk was very high, being a source of concern. She stressed Ukraine would be able to restore trust and confidence only if it fully implemented the IMF program.
Reporting by UNIAN