IMF-Ukraine cooperation program open to question, - EBRD

Source : 112 Ukraine

The European Bank’s latest report hails the country’s return to international capital markets, stating, however, that the further cooperation with IMF may fail due to lack of progress in reforms
19:16, 7 November 2017


The EBRD warned Ukraine that the future of cooperation program with the IMF is ‘open to question’; the reason is that the government seems to have not made up its mind on the course of reforms in Ukraine.

In its latest report, the Bank hails the country’s return to international capital markets. ‘The Bank appreciates Ukraine’s successful return to international capital markets with sovereign issue of Eurobonds. However, keeping up with IMF program for Ukraine is currently questioned due to the lack of confidence in the reforms area,’ the report reads.  

Previously, the IMF demanded that Ukraine fulfill four conditions to receive the next loan within the EFF program. These conditions are adoption of pension reform, creation of the anti-corruption court, adoption of the law on privatization and regulation of gas prices. 

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