It is expedient for Ukraine to resume cooperation with the International Monetary Fund amid the unfolding global economic financial crisis, Ukrainian Prime Minister Mykola Azarov said.
“Cooperation with the IMF during the crisis is expedient, and its statute envisages assistance to countries that are in the stage of crisis,” he wrote on his Facebook page on Jan. 13.
Azarov said that loans from the IMF were the cheapest for countries that borrow funds.
“That is why the lender has the right to lay down his demands. And while taking a decision on whether to take a tranche or not, it is necessary to weigh up all pros and cons of this decision. If there are more cons, then it’s necessary to look for money elsewhere. If there are more pros, then it’s necessary to borrow money from this lender,” he added.
