IMF tranche and macro-financial assistance from the EU by the end of the year.

This week an IMF mission will arrive in Ukraine to assess Ukraine’s progress in implementing the Memorandum with the Fund under the Stand-By Arrangement. “Ukraine has fulfilled all the conditions and all the benchmarks set out in the Memorandum with the IMF said Prime Minister Denys Shmyhal. In late November or early December, we can receive the next tranche of the IMF funding, $750 million,” the Head of Government said.

IMF Fund mission is expected shortly, and Ukraine intends to request the next tranche.

Oleh Ustenko, adviser to the president on economic issues, has told Dom TV that in fulfillment of its obligations, Ukraine is strengthening the independence of the National Bank and intensifying efforts to fight against corruption. Two new initiatives in this regard are to be considered by the parliament. According to J. P. Morgan, the next tranche from the IMF in the amount of $ 3 billion could be provided to Ukraine by the end of 2021.

The Rada recently passed one economic bill that met with IMF skepticism.

Starting September 1st, Ukrainians who have accumulated assets, but failed to pay taxes on them, can declare them voluntarily, pay a one-time fee and avoid punishment for tax evasion. For this one-year amnesty, the fee schedule is: 2.5% for government bonds, 5% for assets in Ukraine and 9% for assets held abroad. Goesta Ljungman, the IMF’s outgoing resident representative in Ukraine, told Interfax-Ukraine before the vote: “Tax amnesties often hurt tax collection in the long run because they discourage people

Ukraine’s foreign currency payments on public and publicly guaranteed debt will exceed $10 billion over the next year,

 reports the National Bank of Ukraine. In addition, payments on hryvnia debt will be around $5 billion in the second half of this year. With no disbursements over the last year from Ukraine’s IMF program, relief could come from a new issue of special drawing rights, a move now under discussion by the IMF. “If the issue is approved by the IMF Board of Directors, Ukraine will increase its international reserves by about $2.7 billion,” Ukraine’s central bank reports on

The IMF’s decision to distribute $650 billion in Special Drawing Rights this summer is undermining arguments for free market changes in countries like Ukraine,

Timothy Ash argues in an essay. He writes from London: “The hope was the looming debt service hump for Ukraine in Q3, when $3bn in external debt falls due, would concentrate minds in the Zelenskiy administration. But likely with $2.8bn in SDR allocations due in September now, I think there will be zero incentive on the part of the administration to do anything to meet the conditionality in the SBA [Stand-by Arrangement]. This SBA is dead now in my mind,

US and IMF support for Ukraine depend on the Zelenskiy Administration taking concrete steps to reform the court system and protect Western-designed anti-corruption institutions,

George Kent, U.S. Deputy Assistant Secretary of State for European and Eurasian Affairs, told VOA last week. Explicitly tying aid to free market changes, he said: “The expectations of Ukrainians and Americans are clear. Reform efforts need to continue and deepen. The justice sector is absolutely essential.” He added: “The U.S. as a partner is here to be supportive. But to be very clear, any legislation that rolls back the independence of organizations, whether it’s the National Anti-Corruption Bureau, NABU,