HIGHLIGHTS-IMF, World Bank 2014 fall meetings in Washington on Saturday

Sat Oct 11, 2014 7:44pm EDT
 
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WASHINGTON Oct 11 (Reuters) - The following are highlights from the International Monetary Fund and World Bank meetings on Saturday in Washington.

Many of the comments come from texts that were prepared for delivery to the IMF's steering committee, the International Monetary and Financial Committee, on Saturday.

VALERIA HONTAREVA, GOVERNOR OF THE CENTRAL BANK OF UKRAINE

ON DAMAGE FROM WAR IN EAST UKRAINE

"It's real infrastructure damage, it not like only an optical one ... you can imagine what kind of damage we have right now in our current account. Right now ...I just finished a meeting with Christine Lagarde ... and of course we need help, not only from the IMF, but from other international organizations."

ON DIFFICULTY OF REFORM and EFFECTS OF CONFLICT

"It's very difficult to do reforms, any reforms, when we have a real hot war, because first of all you have to consider how to finance your military expenditure which absolutely was not envisaged before in your  budget - even in our minds we could not envisage before this situation would happen."

ON MEETING WITH THE EBRD   Continued...