IMF is pleased with the new government of Ukraine

Five weeks after the change of government in Ukraine, the International Monetary Fund (IMF) agreed in principle to a long-held loan for the country. A preliminary agreement has been reached with Kiev on the allocation of $ 1.7 billion (€ 1.5 billion), the fund said in Washington on Wednesday. Although, in July, the IMF Council has yet to approve its transfer.

It is also expected that the changes in the leadership should improve the business climate in Ukraine for private enterprises and online stores like http://torgpost. com.ua/sadovaya-tehnika/gazonokosilki , which is a partner of well-known manufacturers of lawn mowers and other garden equipment, as well as equipment and power tools for amateurs and professionals.

Earlier, in order to be able to provide new loans at all, the IMF changed its rules, since no payments can be made to a country that is in a state of bankruptcy. In addition, Ukraine still has a loan debt from Russia.

After weeks of negotiations that resulted in a change of government in April, the Fund has now concluded that the country has made “significant progress” in preparing for macroeconomic stability. This paved the way for the resumption of loan payments. What significant progress, the IMF did not say, but the possible overthrow of Prime Minister Yatsenyuk is a rather positive development.

However, the Fund warned that more efforts are needed to fight corruption before a final decision is made by the IMF's Board of Directors in July. This IMF loan package for Ukraine was launched in March 2015 and provides loans totaling 17.5 billion over four years. About 6.6 billion was paid out.

Yatsenyuk has been accused of having failed in the fight against corruption and the economic crisis. His successor Vladimir Groisman has already announced his intention to fulfill the conditions of the IMF