LONDON, March 31 Ukraine is showing a
willingness and understanding of the need to reform its economy
but Russia's short-term economic prospects are disappointing,
the International Monetary Fund's European head said on Monday.
"I now see a willingness, a preparedness and understanding
of what needs to be done. We will see if they can deliver it but
the initial sense of action and commitment is good," Reza
Moghadam, IMF Europe's director, told City Week 2014 conference
in response to a question on Ukraine.
"I am rather positive," Moghadam added.
Turning to Russia, he said the IMF was already revising down
its growth projections for the country even before developments
"Irrespective of geopolitical crises we have some concerns
about the capacity of Russia to meet its full potential,"
The short-term growth prospects for Russia is "very
disappointing", he added.
(Reporting by Marc Jones and Huw Jones)