KYIV, July 3 – Reforms would allow Ukraine to promote economic growth of over 5-6% a year, according to First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton.

"…If Ukraine wants to grow at a much faster rate, at 5% to 6%, here's the way you have to behave… Ukraine needs a new business model with the best institutions, a competitive private sector that's ready to compete in the European environment and in the world… If Ukraine wants to implement it, the country should have no doubt there are human resources for that. There is no capital and technology for that. And the last thing is a clear commitment to make these changes," Lipton said during the Ukraine Reform Conference in Toronto.