Within the framework of the spring meeting of the International Monetary Fund and the World Bank in Washington, the IMF heads held fruitful discussions with the Ukrainian delegation headed by  Vice Premier Serhiy Tihipko, according to UKRINFORM.

They discussed economic policy, which may be backed by the agreement with the Fund to be concluded for several years, says a special statement of IMF First Deputy Managing Director John Lipsky made public by the press service of the organization.

"We had productive discussions with the Ukrainian delegation during the Spring Meetings on economic policies that could be supported by a new multiyear Fund arrangement with Ukraine. There was a broad consensus on the need to entrench fiscal and financial stability and to pave the way for sustainable recovery. Progress has been made in many areas. At the same time, outstanding issues remain to be clarified, including fiscal consolidation, in addition to financial sector and other reforms. Discussions are expected to continue in Kyiv in the coming weeks," Lipsky said.

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