Washington Supports Reforms in Ukraine - Ukrainian Finance Minister

Informations

• Publié par: worldwide-news-ukraine
• Nombre de lectures: 24
• Langue: English

Extrait

Washington Supports Reforms in Ukraine -

Ukrainian Finance Minister

PR Newswire

KYIV, Ukraine, June 27, 2012

KYIV, Ukraine

,

June 27, 2012

/PRNewswire/ --

The U.S. is ready to provide support to the ongoing

financial and economic reforms in

Ukraine

. This was

stated by the Finance Minister of Ukraine Yuriy Kolobov

during his official visit to

the United States

.

As a part of his visit, Minister Kolobov held a meeting with Lael Brainard, the

United States Under Secretary of the Treasury for International Affairs.

Washington

set out to support Ukrainian reforms for the latter demonstrated a

positive tendency, commented Kolobov on the statements made by the

American side.

Ukrainian official also participated in a working consultation with the IMF where

the experts primarily discussed the fiscal policy of

Ukraine

, reform in the gas

sector and the refinancing the debt.

Notably, on

June 25

the Finance Ministry of

Ukraine

repaid principal and paid

coupon yield for

Ukraine's

US-nominated external bonds of 2007. The total

payment amounted to

USD 515.965 million

. In 2007,

Ukraine

issued its external

bonds with a total value of amounting to

USD 500 million

due in 2012. The

interest rate was then set at 6.385 percent per annum.

Minister Kolobov will also hold a meeting with the World Bank Vice President.

Earlier, on

March 6, 2012

World Bank Vice President for the

Europe

and Central

Asia Region Philippe Le Houérou stated: "We [the Board of the World Bank]

recently approved the new Country Partnership Strategy (CPS) for

Ukraine

for

2012-2016, which promotes

Ukraine's

plan for conducting reforms."

Interestingly, on

June 26, 2012

the former U.S. Secretary of State Henry

Kissinger talked about

United States

-

Ukraine

relations as well as reforms

implemented by

Ukraine

within the framework of European integration during

his meeting with the President of Ukraine Viktor Yanukovych (

Kyiv, Ukraine

). "A

country with such a big history deserves a dignified future," summoned the

former Secretary of State. He, however, did not support

Ukraine's

NATO

membership.

Instead, Kissinger expressed his support for

Ukraine's

ambitions of joining the

European Union. "I am a strong advocate of an independent

Ukraine

. I believe

Ukraine

should be in the EU while maintaining good relations with

Russia

,"

stressed Kissinger.

Having travelled to

Ukraine

for the

EURO 2012

European football championship

Henry Kissinger praised

Ukraine's

preparations for hosting the major sporting

event, highlighting the country's vast potential.