Photo from UNIAN
Ukraine's key lender, the International Monetary Fund (IMF) expects from Ukraine launching the market of both state-owned and private land, IMF Resident Representative in Ukraine Jerome Vacher told the international conference of agricultural investors.
He claimed that the implementation of land reform would lead to an additional growth in the Ukrainian agrarian sector, which has a very large potential. Vacher also noted that Ukraine should launch the land market as soon as possible.
It is desirable that the land market start operating in Ukraine as early as 2018, according to the official, who added that, at the same time, the market should remain transparent, the official added.
Read alsoAtlantic Council blog: The right land reform could transform Ukraine nowAs UNIAN reported earlier, further cooperation with the IMF provides for Ukraine's implementation of a number of structural reforms aimed at the country's economic recovery.
In particular, the IMF memorandum envisages the adoption by Ukraine of a law regulating the agricultural land turnover, and launch of its sale starting 2018, after the end of the moratorium.
Read alsoUkraine, IMF agree on 99% of pension reform – social policy ministerThe adoption of the law by the end of May is a structural benchmark of the IMF, and the willingness to launch the sale of agricultural land is indicated in a Letter of Intent sent to the IMF by the authorities of Ukraine.