Rada committee says updated gov't action plan has inconsistencies with IMF memo

Ukraine Parliament's Economic Development Committee says the Government's action plan, recently reviewed after the initial failure to pass the Rada earlier this month, contradicts the memorandum signed with Ukraine's key lender, the International Monetary Fund, on a new Stand-By Arrangement, says committee chair Dmytro Natalukha.

Having stopped short of endorsing the plan, the Committee recommended that MPs decide on its fate at the session hall vote, according to an UNIAN correspondent.

Only five committee members supported the cabinet program, four stood against it, and as many abstained.

It is worth noting that Dmytro Natalukha was one of those who endorsed the action plan despite inconsitencies with the IMF memo.

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"The IMF program runs counter to the government's action plan. And vice versa. Or maybe it doesn't, while not allowing to fully implement it. However, we received the government action plan after the IMF memo was signed so I hope our government will first of all implement its own program, which will be a priority for them, while the memorandum with the IMF will be a secondary document," he said.

According to UNIAN, on June 4, the Verkhovna Rada returned for revision the government action plan. Legislators harshly criticized the initial version. If the plan seals no approval in parliament, the Cabinet will be deprived of immunity from being sacked ahead of the term.

On June 12, the Cabinet approved a revised version and submitted it for consideration in Parliament.

The Verkhovna Rada will consider the draft on Thursday, June 18.