Economic situation in Ukraine "increadibly encouraging", - IMF
Ukraine's government is determined to undertake long-needed reforms, making the economic picture in the country very encouraging.
The IMF Managing Director Christine Lagarde announced this on Wednesday, Censor.NET reports citing AFP.
"After a horrible track record with the global crisis lender over the past two decades, the current government is taking the necessary steps on fiscal reform and fighting corruption to turn the country around," Lagarde said. "Ukraine has been an incredibly encouraging situation," the IMF director commented in an online press conference.
Despite the ongoing security challenge with pro-Moscow rebels occupying large parts of the country's east, "we have seen political determination to change the face of Ukraine," she said.
The encouraging words came amid doubts that the country can surmount all of its challenges including restructuring huge debts with private creditors.
