OREANDA-NEWS. Mr. David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF), made the following statement today:

“The IMF welcomes the recently concluded swap agreement between the Sveriges Riksbank (Sweden’s Central Bank) and the National Bank of Ukraine. The agreement, in an amount of up to US$500 million for a six month period, provides important financial support for the success of Ukraine’s economic reform program, in addition to financial commitments from the IMF and other multilateral and bilateral creditors.

“In a difficult environment, macroeconomic stabilization is taking hold in Ukraine on the back of strong policies and the economy shows signs of turning the corner. The swap agreement with the Riksbank will reinforce confidence in Ukraine’s continued progress in restoring stability.”