In the statement below, released June 12, Ms. Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), announces IMF policy on Ukraine: “Ukraine’s debt repayment capacity is limited by its fiscal capacity. Since Ukraine lacks the resources under the program to fully service its debts…in the event that a negotiated settlement with private creditors is not reached and the country determines that it cannot service its debt, the Fund can lend to Ukraine.”