According to monitoring by the RRR4U consortium, the parties agreed on the successful fifth revision of the current cooperation program in early September. Soon, a decision from the Board of Directors of the IMF is expected, who must approve the provision of a $1.1B credit tranche to Kyiv.
In December, Ukraine will have the sixth review of three structural beacons, one of which is approval of the methodology to audit tax benefits and losses from them. An audit will be conducted to obtain additional funds for the budget without a further tax increase – “by optimizing tax benefits,” the center of economic strategy explained.
Also, Ukraine must identify the state-owned companies most affected by the war and assess their fiscal and quasi-fiscal risks. This has already done during the preparation of the 2025 state budget project. The third structural beacon – the completion of the external audit of the NABU’s effectiveness – has not been completed and will most likely be postponed.