REUTERS

"I hope that on January 29 we will have a powerful new program with the IMF. Our ambitious reform program is ready for this event," Poroshenko said during his speech at a session entitled “The Future of Ukraine” at the World Economic Forum in Davos, Switzerland.

"We need a financial cushion, and it will be provided by the partners from the IMF, and other partners,” he said.

“These [partners] are from the United States and Canada. We also have signals from the Swiss government. These are demonstrative forms of solidarity with us, and we thank you for this."

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As reported earlier, Poroshenko said that Ukraine and the IMF had prepared a memorandum on the new program of cooperation that involves an enhanced package of reforms and an extended package of lending to the economy.

Ukraine and the IMF are currently implementing a two-year cooperation program of lending to the economy of Ukraine, which is to run until 2016 and which has total funding of $17 billion, $4.6 billion of which Ukraine received in 2014.