Ukraine fulfills most of IMF conditions for next disbursement – Finance ministry

REUTERS Ukraine has fulfilled most of the conditions for a new disbursement under the current program with the International Monetary Fund (IMF). "Most of the conditions that must be fulfilled by the end of March have been fulfilled or are in the process of execution today," Ukrainian Finance Minister Oksana Markarova said while briefing on the status of the implementation of the national budget of Ukraine for 2018. She says the current program with the IMF is quite realistic, and the Finance Ministry does not see any problems with its implementation. Read alsoUkrainian government wants to see Ukraine in Top 30 of Ease of Doing Business in three years The IMF Executive Board approved a new 14-month SBA for Ukraine in the amount of $3.9 billion. Ukraine received the first disbursement under the new program in the amount of $1.4 billion on December 21, 2018. Another two disbursements worth $1.3 billion each are expected after the reviews of the implementation of the program conditions in May and in November. The structural benchmarks of the program include the approval of the so-called split law, a report on the return of assets of state-owned banks, the reorganization of the State Fiscal Service (SFS), the appointment of judges of the High Anti-Corruption Court, bank recapitalization, the completion of an external audit of the National Anti-corruption Bureau of Ukraine (NABU), and other provisions.

Ukraine fulfills most of IMF conditions for next disbursement – Finance ministry

Please Subscribe For Full Access

UNIAN Web subscription