Tuesday, February 10, 2009

President meets Director of the IMF's European Department

President Victor Yushchenko met today with Director of the IMF's European Department Marek Belka.

At the meeting sides have discussed further cooperation between Ukraine and the IMF, particularly fund’s recommendations on development of Ukrainian economy in 2009.

Making comments on current situation in Ukrainian economy President Yushchenko said affirmed that our country has problems in budgetary policy and payment liabilities. “The political will is needed to approve strong decisions regarding macroeconomic parameters”, - he said.

From his part Marek Belka said that his visit to Ukraine in addition to already working IMF Mission in the country should be regarded as “sign of serious problems in development of Ukrainian economy and implementation of our common program”. The most important issue here he named balancing budgetary expenses and incomes.