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G20 monitoring situation in Ukraine

G20image

Finance ministers and central bank governors of the Group of 20 Nations on Friday said that they are monitoring the economic situation in Ukraine

G20imageWashington: Monitoring the economic situation in Ukraine, finance ministers and central bank governors of the Group of 20 Nations on Friday said that they are monitoring the economic situation in that country.

“We are monitoring the economic situation in Ukraine, mindful of any risks to economic and financial stability, and welcome the IMF’s recent engagement with Ukraine as the authorities work to undertake meaningful reforms,” G-20 nations said in a joint communiqué.

“The situation in Ukraine highlights the important role of the IMF as the world’s first responder to financial crises,” it said.

“We agree that the IMF and the World Bank Group remain the institutions best placed to help countries to deal with their economic challenges through policy advice and catalytic financing,” G-20 said in its joint communiqué issued on the sidelines of the annual spring meeting of the IMF and the World Bank.

PTI

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