The IMF has assessed Ukraine’s implementation of the memorandum program: what else needs to be done?

According to the head of the IMF mission, Gavin Gray, Ukraine first must adopt the new gas transportation system operator statute. Secondly, it is still waiting for resolution on the issue of business tax audits.

“Thirdly, the authorities of Ukraine should develop a conceptual note regarding the preferential lending program, known as 5-7-9, which should outline the vision for improving its monitoring and preventing negative consequences for the financial sector,” Gray said.

He also emphasized that the IMF expects to fulfill its obligations as part of the changes that must be made to the law on combating money laundering and terrorist financing. However, he noted that the law on the declaration of assets has already been adopted.

“If we talk about the Budget Code, which paves the way for medium-term budget planning, was adopted early. I also want to note the return to the simplified taxation regime that worked before the war,” the IMF representative concluded.