Ukraine has fulfilled most IMF and EU structural beacons on time, but there are some delays. During the nine months of the IMF program, requirements have been met for 16 of the IMF’s 23 structural beacons and eight of the 20 conditions under the EU program. The country has neither fulfilled n... #EKrecommendation #imf #IMFStructuralBeacons #ReformsinUkraine
Ukraine has fulfilled its IMF and EU requirements and strengthened control over the expenses of politically exposed persons, and moves toward another beacon. In the second reading, the Ukrainian Parliament supported draft law No. 9296-d on strengthening financial monitoring of politically exposed persons (PEP). The document’s main innovation is that top of... #imf #IMFStructuralBeacons #PEP #ReformsinUkraine
Ukraine has fulfilled another IMF beacon: a reformed GTS Operator. The President of Ukraine, Volodymyr Zelenskyy, signed a law that optimizes the structure of the Gas Transport System Operator of Ukraine (OGTSU). These measures are provided for in a memorandum with t... #IMFStructuralBeacons #ReformsinUkraine #UkrainianGTS #Zelenskyy
Ukraine has fulfilled another IMF beacon: the new Financial Sector Development Strategy. This blueprint for developing the financial sector during the war envisages inflation at a level of less than 15% and possible deviations of the hryvnia to dollar cash rate from the official rate belo... #financeUkraine #imf #IMFStructuralBeacons
Ukraine makes progress on the IMF beacons: the law restricting revisions to the state budget has been signed. President Volodymyr Zelenskyy has signed a law with amendments to the Budget Code to ensure predictability for budget policy and to strengthen debt sustainability. The law’s passage represents t... #IMFStructuralBeacons #ReformsinUkraine #UkraineBudget
The IMF has added four structural benchmarks to the program with Ukraine. These have been added to the updated memorandum, which Ukraine must fulfill to receive the third tranche of aid. Two of them must be completed by the end of September. In particular, the articles of t... #imf #IMFprogramm #IMFStructuralBeacons #ReformsinUkraine
Ukraine has fulfilled three IMF structural beacons. The Cabinet of Ministers submitted to the Parliament a draft of amendments to the Budget Code to ensure the predictability of budget policy and strengthen debt sustainability. It will allow the implem... #BudgetCodeUkraine #IMFprogramm #IMFStructuralBeacons
The Ukrainian government will implement one of the IMF’s structural beacons. The Cabinet of Ministers approved a draft law which will allow the liquidation of the Gas Pipelines of Ukraine (GPU) company in an expedited manner. It will be merged with the Operator of the GTS of U... #IMFprogramm #IMFStructuralBeacons #UkrainianGTS