The Verkhovna Rada of Ukraine on Thursday, December 7, extended until 2019 the moratorium, which has been in force since 2001, on trading in farmland, an UNIAN correspondent reported.
The Verkhovna Rada Committee on Agrarian Policy and Land Relations has recommended that the parliament prolong the moratorium on farmland sale until 2019, according to the Committee's website.
The price of 1 hectare of farmland in Ukraine in case the moratorium on its sale is canceled may amount to some UAH 50,000-60,000, First Deputy Minister of Agrarian Policy and Food Maksym Martyniuk told ICTV channel, according to Ekonomichna Pravda.
The Cabinet of Ministers of Ukraine has proposed to conduct a nationwide (all-Ukrainian) normative monetary assessment of agricultural land throughout the country, according to the draft state budget of Ukraine for 2018.
The land reform, which provides for the launch of the farmland market in Ukraine, is no longer a condition for the country to receive the next tranche from the International Monetary Fund, IMF spokesman William Murray told a Thursday briefing in Washington.
Ukraine’s key creditor, the International Monetary Fund, has not officially confirmed its readiness to exclude land reform from the list of structural beacons in its Extended Fund Facility for Ukraine, a source in the Cabinet of Ministers familiar with the course of negotiations has told UNIAN.
The fifth tranche of Ukraine’s bailout by the International Monetary Fund, this one totaling $1.9 billion, will be allocated for Ukraine no earlier than autumn 2017, Bloomberg reports citing Ukraine’s Prime Minister Volodymyr Groysman.
The IMF mission completed its work in Kyiv, announcing priority tasks for the Ukrainian authorities to secure continued lending program; the country's industrial output expectedly shrank as a result of the trade blockade of Donbas and the confiscation of Ukrainian assets by the occupier forces; the National Bank relaxed some forex restrictions; while agrarian minister Taras Kutovyi stepped down from post. These are the main economic news of the outgoing week.
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.