Site icon UBN

Ukraine has fulfilled almost all the requirements of the IMF.

Ukraine has fulfilled almost all the requirements of the IMF.

Flag of International Monetary Fund

Ukraine has already fulfilled four of the five structural checkpoints provided for in the IMF’s monitoring program, which the state undertook to fulfill by the end of January. National Bank Chairman Andriy Pishnyi noted that the regulator fulfilled its part of the IMF’s requirements as early as January 26. These requirements relate to the concept of diagnostic examination of banks and approaches to its implementation, which was agreed upon with the IMF and approved by the NBU board on January 26. In addition, the government appointed a supervisory committee to oversee Naftogaz and approved a draft law regarding the cancelation of tax benefits beginning July 1, 2023. Another structural checkpoint concerns the approval of social security reform, which is at the final stage. Therefore, out of all the monitoring program requirements, the fate of only one requirement remains unknown – the approval of the repayment plan and the prevention of budgetary arrears for state expenditures.

Exit mobile version