You're reading: IMF: Realistic budget in 2012, reform remain IMF-Ukraine cooperation points

The International Monetary Fund (IMF) views the adoption of a realistic budget for 2012 and further structural reforms as points for cooperation with Ukraine, along with natural gas issues, according to Max Alier, the IMF's resident representative in Ukraine.

"Progress [in structural reforms] hasn’t been as fast as we would like it to be," he said at the II Ukrainian Investment Forum, organized by CFA Ukraine in Kyiv on Thursday.

Alier stressed that the fund would provide support to well grounded economic reforms that will lay the basis for future growth.

According to him, next year Ukraine will face considerable challenges related to the worsening of the global economic situation, which will make GDP growth slow to 3.5% from this year’s 5%.

He also said the country needs to maintain its investment attractiveness as it requires large external injections of capital.