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Ukraine must move toward ‘fiscal consolidation,’ says IMF director
Journal Staff Report

KIEV, Jan. 29 - Ukraine will need new steps towards fiscal consolidation, as well as changes in the exchange rate and tariff policies to achieve progress in talks with the International Monetary Fund, IMF Deputy Executive Director Yuriy Yakusha, representing Ukraine in the fund, said in a letter.

"Without additional steps towards fiscal consolidation, without corresponding changes in the budget, the exchange rate policy and the policy of energy tariffs, it's not worth waiting for decisive progress in talks with the next mission of the IMF," reads the letter dated January 4, the text of which the Ekonomichna Pravda online edition has released.




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