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Lagarde: Ukraine Showing Signs of Restoring Economy Despite Hard Environment

© REUTERS / Ruben Sprich/FilesInternational Monetary Fund (IMF) Managing Director Christine Lagarde attends the session "Where Is the Chinese Economy Heading?" of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland in this January 21, 2016 file photo
International Monetary Fund (IMF) Managing Director Christine Lagarde attends the session Where Is the Chinese Economy Heading? of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland in this January 21, 2016 file photo - Sputnik International
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The Ukrainian economy is showing signs of recovery despite severe economic problems, according to IMF Managing Director and Chair Christine Lagarde.

The seal of the International Monetary Fund is seen on a headquarters building in Washington - Sputnik International
Kiev Could Get Total of $2.3 Billion of IMF Aid in Current Year
WASHINGTON (Sputnik) — The Ukrainian economy is showing signs of recovery despite severe economic problems, International Monetary Fund (IMF) Managing Director and Chair Christine Lagarde said in press release.

"Ukraine is showing welcome signs of recovery, notwithstanding a difficult external environment and a severe economic crisis," Lagarde is quoted as saying in a release about a new IMF Tranche on Wednesday.

Lagarde noted the Ukrainian government has taken big steps to correct the crisis, but there is still more work to be done.

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