Ukraine Situation Is 'Of Concern’, IMF Warns
8 February, 2016

The International Monetary Fund is concerned about the ongoing political crisis in Ukraine, which may affect the bailout program. "Yes, some (anti-corruption, ed.) institutions have been put in place. But, it is time for implementation now. And we need to see results," Jerome Vacher, IMF Resident Representative in Ukraine tells Hromadske.

When speaking of the origins of the current political crisis rocking Ukraine, Vacher mentions a number of recently launched reformist and anti-corruption initiatives that are provoking a backlash from old corrupt elites: “the system is also reacting to these shots of transparency and compliance.”

While going through much-needed reforms, Ukraine must remember: it is accountable not only to its own people, but to the international community providing crucial financial relief, Vacher stresses.

A new $1.7 billion instalment from the current $17.5 billion IMF bailout program has been delayed since October, 2015. When asked about the status of negotiations and whether the ongoing governmental crisis affects them, Vacher says that "it is an ongoing process," without naming any specific dates or deadlines.

Hromadske’s Maxim Eristavi spoke to Jerome Vacher, IMF Resident Representative in Ukraine in Kyiv, on February 7th, 2016.