Lagarde said delivering her speech at the Atlantic Council Feb. 8, Censor.NET reports citing Voice of America.
According to the IMF chief, Ukraine is an example of a state with extremely high level of corruption which authorities have accepted the Fund's proposal to adopt anti-corruption standards, create anti-corruption agencies to change the public procurement regulation, and investigate the activities of companies considered to be nests of corrupt practices and also implement legal reform.
She said all of this was a part of the economic recovery program which the authorities agreed to implement and it was necessary just to keep moving in this direction.
As reported by the Atlantic Council, Russia has been critical of the IMF's role in Ukraine and opposed additional IMF aid to its neighbor. Addressing this criticism, Lagarde said: "No country, however big it is, would have any interest in having at its border an economy that is not functioning, that is in economic misery."
She expressed hope that the IMF's role in helping Ukraine back on its feet will eventually be recognized.