REUTERS
Ukraine has almost fully complied with the requirements of its key lender, the International Monetary Fund (IMF), in terms of economic deregulation, namely licensing of certain types of activities, having taken 22 strategic decisions out of the required 24, according to a report by the National Reforms Council (NRC).
"Deregulation has remained among the top five priority reforms, despite the change of government in early 2016. The government is close to the full implementation of its commitments to the IMF in terms of approval of license terms for conducting certain types of activity: now 22 documents out of 24 required have already been adopted," the NRC said in a report posted on the presidential website.
Read alsoUkraine's finance minister comments on possible terms of receiving fourth IMF trancheAs UNIAN reported earlier, Ukraine is now cooperating with the IMF under a four-year Extended Fund Facility program approved in March 2015. Under this program, Ukraine has already received three loan tranches, totaling US$7.62 billion out of the pledged $17.5 billion. At the moment, Ukraine is undergoing a third review of the program, after which Ukraine expects a fourth disbursement of $1 billion from the IMF. Further steps include the creation of a road map for further cooperation and the agenda of necessary reforms for the coming year.
Support of Ukraine by international financial institutions, particularly the IMF and the G7 governments, remains an important element of economic stability and effectiveness of the country's reforms.