President of Ukraine Petro Poroshenko had a meeting with IMF Managing Director Christine Lagarde in Davos.

Following the meeting, the President expressed gratitude to the IMF Managing Director for supporting Ukraine in this very difficult time. “Our program of reforms was developed together with the International Monetary Fund. It helps us stabilize financial and banking system, restructure sovereign debt and demonstrate, especially at the end of the year, the ambitious budget law based on the tax reform and other forms of economic and systemic reformation. It was extremely effective,” Petro Poroshenko noted.

The President informs that the future Memorandum with IMF is now being discussed. “We have reached an agreement and I believe the ambitious program of reforms will help Ukraine in 2016. I am grateful to Christine Lagarde for that,” the President said.

In her turn, Christine Lagarde noted productive discussion with Petro Poroshenko. According to her, they discussed the latest economic development on a global basis and in Ukraine, the reforms under way and the latest development on the budget for 2016. “We had a very good discussion that will hopefully help conclude the negotiations on the Memorandum which our teams are working on,” the IMF Managing Director emphasized.