Each delayed reform within the framework of the Ukraine Facility will cost Ukraine $400M.

Monday, March 25, 2024
Each delayed reform within the framework of the Ukraine Facility will cost Ukraine $400M.

Deputy Minister of Economy Oleksiy Sobolev voiced this prediction at the presentation of the Monitoring of the Implementation of the Conditions of the IMF Program and Support from the EU.

According to him, the document contains more than 150 indicators in 69 reform directions, which must be implemented by 2027. It is noted that in 2024, the Ministry of Economy must fulfill seven indicators.

The priority task is developing and approving the Integrated National Energy and Climate Plan. An equally important part of this project is creating a database of potential investment projects, their assessments, and opportunities for attracting new investments from international financial organizations.

In general, the receipt of $19B in 2024 depends on whether Ukraine can fulfill the program conditions with its international partners in a timely fashion. In particular, this concerns about $5.4B from the IMF, €11.5B from the EU, and at least $1.5B from the World Bank.

 

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