Policy Adjustments Move Ukraine Forward

Reeling from the impact of the global economic crisis that has depressed demand for its steel and manufacturing exports, Ukraine is poised to receive the second installment of a $16.4 billion IMF loan. Despite declining growth in early 2009, there have been some encouraging economic signs visible which have led to this next tranche.

The government has already made good progress and the first review was delayed so long that it makes sense to advance the disbursement originally scheduled under the second review. There was an interview in English and Ukranian between Vice Prime Minister Hryhoriy Nemyrya and the IMF's Ceyla Pazarbasioglu.