IMF sets new conditions for Ukraine to continue funding

The International Monetary Fund (IMF) has added three new conditions for Ukraine to continue receiving funding, the head of the Verkhovna Rada’s finance committee, Daniil Hetmantsev, said in his Telegram channel.

“Under the 6th revision of the EFF [Extended Fund Facility – ed.] programme, Ukraine has updated the Memorandum on Economic and Financial Policies. Three new structural beacons have appeared,” Daniil Hetmantsev said.

According to the committee head, the structural beacons are strict commitments on reforms with deadlines, which are assumed by the borrower during the implementation of the IMF programme.

Among the new conditions – the preparation of an operational strategy for the regulator of the securities and stock market, the introduction in the Rada of a bill on critical risks of third parties, as well as the conduct and publication of an external audit of the work of the Ukrainian regulator in the field of energy and utilities.

Earlier, the deputy head of the IMF mission to Ukraine, Trevor Lessard, said that the Ukrainian budget could be financed by increasing VAT and excise duty on alcohol.