REUTERS
According to Malige, the conclusion of a new and more flexible program instead of the current one could be a positive outcome of the negotiations with the IMF.
Managing Director of the European Bank for Reconstruction and Development (EBRD) for Eastern Europe and the Caucasus Francis Malige says achieving an agreement with the International Monetary Fund will allow Ukraine to maintain financial stability and investor confidence.
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It is very important to reach at least a preliminary agreement with the IMF. Otherwise, there is a big risk for financial stability in the country, the official told journalists on September 18.
According to Malige, the conclusion of a new and more flexible program instead of the current one could be a positive outcome of negotiations with the IMF, which will contribute to Ukraine's financial stability and maintain investor confidence. Such a program is also important for continuing cooperation with the European Union.
Otherwise, Ukraine will lose the confidence of investors, and the situation that is currently happening in Turkey or Argentina may recur, he said.
As UNIAN reported earlier, in order to continue cooperation with the IMF, Ukraine should review the state budget for its compliance with the deficit targets in the framework of the cooperation program and ensure a transition to a market mechanism for setting gas prices for households.