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IMF requires Ukraine to implement land reform

Source : 112 Ukraine

The Fund also announced the possibility of extending the credit program for Ukraine
12:28, 27 March 2020

Open source

The IMF notes significant progress in the negotiations on a new EFF program for Ukraine and stresses the adoption of legislation on the improvement of the regulatory structure in the banking sector, as well as on the land reform. The press service of the IMF reported it.

According to IMF head Kristalina Georgieva, Ukraine must approve the so-called "anti-Kolomoysky" bill and the bill on the land sale market. The implementation of these steps could help with the allocation of more funding to Ukraine than it had been previously announced.

Related: EIB may provide Ukraine with €40 million to fight Covid-19

The IMF also announced the possibility of extending the credit program for Ukraine.

As we reported earlier, on March 22, President of Ukraine Volodymyr Zelensky and IMF Head Kristalina Georgieva discussed an increase in assistance to Ukraine during the coronavirus epidemic in a telephone conversation.

Zelensky informed the head of the International Monetary Fund about the measures that had been taken in order to prevent the spread of COVID-19 in Ukraine.

Related: IMF assumes extending size of loan for Ukraine, - Managing Director

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