HC Deb 21 March 1994 vol 240 c24W
Sir Thomas Arnold

To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement about the International Monetary Fund and the World bank's lending policy towards the Ukraine.

Mr. Lennox-Boyd

As a member of both IMF and the World bank group, Ukraine is eligible for the full range of non-concessional facilities offered by those institutions, including the IMF's new systemic transformation facility, designed to assist former command economies in the early stages of transition. The fund is involved in discussion with the Ukrainian authorities on an economic adjustment programme, which would help to facilitate lending by both institutions.

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