The International Monetary Fund program included several conditions for Ukarina
Of all the requirements under the monitoring program, the fate of only one structural lighthouse remains unknown.
Four of the five structural requirements provided for in the monitoring program of the International Monetary Fund, which Ukraine has committed to fulfill by the end of January, have been met. Economic Truth writes about it.
According to the Ministry of Finance, as of the evening of January 27, Ukraine has completed two of the five structural beacons provided for in the IMF monitoring program.
“The program plans to conduct one revision and implementation of five structural beacons (two of which have already been completed, the rest are at different stages of finalization), and also agreed on the need to achieve quantitative and indicative goals by the end of December 2022 and by the end of March 2023. Tasks, activities and the parameters defined under the program are being implemented,” the Ministry of Finance said.
However, according to the EP, four out of five conditions are met so far.
As the head of the NBU Andriy Pyshny told the publication, the regulator fulfilled its part of the requirements of the IMF on January 26.
“The relevant terms of reference, in particular the concept of a diagnostic examination of banks and approaches to its implementation, were agreed with the International Monetary Fund and approved by the NBU Board on January 26, 2023. Thus, the structural beacon has been completed,” Pyshny said.
It is also reported that the Cabinet of Ministers appointed the Supervisory Board of Naftogaz and approved a bill on the abolition of tax benefits from July 1, 2023.
In addition, another structural beacon concerns the harmonization of the social protection reform, which, according to EP sources in the Ministry of Social Policy, is at the final stage of implementation.
Of all the demands under the monitoring program, the fate of only one structural beacon remains unknown – the approval of a plan for repayment and the prevention of debts for public spending, the newspaper writes.
Recall that the IMF put forward conditions for Ukraine to provide loans.
Earlier it was reported that the IMF may provide a multi-year assistance package to Ukraine in March this year in the amount of $16 billion.
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