Today Secretary Jacob J. Lew spoke by phone with Ukrainian leader Arseniy Yatsenyuk en route back to Washington, D.C. from the G-20 meeting in Sydney, Australia.
Secretary Lew noted the broad support at the just-concluded G-20 meeting for an international assistance package centered on the IMF as soon as the transitional Ukrainian government is fully established by the Parliament. He encouraged Ukraine to begin discussions with the IMF as quickly thereafter as possible. Secretary Lew noted that many of the Finance Ministers at the G-20 meeting made similar statements.
Secretary Lew expressed that the United States, together with Europe and others in the international community, are ready to supplement an IMF program to cushion the impact of reforms on low-income Ukrainians. However, Secretary Lew underscored the need to implement reforms that could be supported by an IMF program.
Secretary Lew and Mr. Yatsenyuk agreed to stay in close contact over the coming days and weeks as Ukraine moved forward rapidly to establish political and economic stability.