Ukrainian President Viktor Yanukovych has submitted a draft law on amendments to the Articles of Agreement of the International Monetary Fund for consideration by the Verkhovna Rada, Ukraine's parliament.
The purpose of the bill is the ratification by Ukrainian lawmakers of
amendments to the IMF Articles of Agreement concerning the revision of
Member States’ quotas and reform of the Executive Board, which were
approved in a resolution of the IMF Board of Governors No. 66-2 dated
Dec. 15, 2010, the presidential press service reported on Wednesday.
“Thus, the internal state procedures that are necessary for the
validation of the said amendments in Ukraine will be executed,” reads
This step once again confirms Ukraine is a reliable partner that
fulfills its international obligations, and is set for further effective
and mutually beneficial cooperation with international financial
institutions, the report goes on.