Finance Minister announces three necessary steps to receive next IMF tranche

Source : 112 Ukraine

Olexandr Danyliuk categorically denied information about the alleged desire of Kyiv to terminate cooperation with the IMF
16:46, 14 October 2017

Open source

Ukraine approached the implementation of the International Monetary Fund recommendations for the receipt of next tranche under the EFF extended financing program. Therefore, there is reason to expect its allocation before the end of this year. This was stated in Washington on October 13 during a panel discussion in the analytical center of the Atlantic Council, by Finance Minister Olexandr Danyliuk, reports

"I am realistic about getting a tranche this year," said the head of the Ministry of Finance.

Danyliuk recalled that the Verkhovna Rada voted, and the president has already signed the law on pension reform, which the IMF insisted on carrying out.

The next step is to simplify the privatization process. The corresponding bill has already been approved by the relevant committee and is ready for submission to the session hall of the parliament.

Related: Ukraine to hold negotiations with IMF on natural gas price

"We expect its adoption in the first reading next week," said Danyliuk.

Ukraine's third important step should be the creation of an anti-corruption court. Danyliuk  explained the delay with the adoption of the relevant legislation by the expectation of the Venice Commission expertise.

The Minister of Finance categorically denied the information about the alleged desire of Kyiv to terminate cooperation with the IMF. He stressed that this cooperation shows that the necessary reforms are continuing in Ukraine.

"The IMF is a strong signal for attracting investments, both direct and debt," added Finance Minister.

Related: Ukraine to propose new gas price formula to IMF, - Reuters

Related: IMF approves intention to provide Ukraine with next tranche after pension reform

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