The Ukrainian government pledged last month to work with the IMF over the next two months to clear the way for Kiev to receive a $700 million Systemic Transformation Facility, part of a special fund designed to speed the transition to capitalism for the countries of East Europe and the former USSR. This mission is the first to visit Ukraine with a mandate to negotiate a program, De Milner said.
Economic reforms are barely off the ground in Ukraine, 2 1/2 years after independence from the USSR. But President Leonid Kuchma has pledged to improve the economy. He met IMF managing director Michel Camdessus a week after his inauguration.
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