The IMF has updated its memorandum with Ukraine; most conditions have been met, but new beacons have been added.
![The IMF has updated its memorandum with Ukraine; most conditions have been met, but new beacons have been added.](https://ubn.news/wp-content/uploads/2024/05/imf.jpeg)
![The IMF has updated its memorandum with Ukraine; most conditions have been met, but new beacons have been added.](https://ubn.news/wp-content/uploads/2024/05/imf.jpeg)
Ukraine has already fulfilled 23 of the 37 requirements involving reforms and legislation changes. Among them are two new ones: changing the Criminal Procedure Code by the end of October to allow the Specialized Anti-Corruption Prosecutor’s Office to manage requests for extradition and mutual legal assistance and rationalize the consequences of the expiration of pre-trial investigation periods and adopting changes to the Customs Code.
In addition to these beacons, Ukraine must develop a methodology for assessing the effectiveness of tax incentives, identify state-owned companies that have been seriously affected by the war, prepare a review of potential costs, and complete an external audit of the NABU’s effectiveness. Also, Ukraine needs to develop a policy of ownership for state-owned enterprises, a dividend policy, and a privatization strategy, analyze debts and assess the financial condition of centralized heat supply enterprises, continue the transfer of state-owned banks to the Ministry of Finance, prepare a concept for the rehabilitation of banks, and create a new court to consider administrative cases against state bodies, among other initiatives.