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IMF wants Ukraine's 2019 state budget adjusted

The mission of the International Monetary Fund will arrive in Ukraine to make sure that the main financial document includes the gas price increase for the citizens
11:16, 3 November 2018

Open source

A group of experts from IMF will visit Kyiv to consult on the draft state budget 2019 in the view of a recent agreement. Goesta Ljungman, Permanent Representative of the International Monetary Fund in Ukraine reported this.  

According to him, the advisors from the IMF will work in Ukraine from November 5 to November 9. 

Related: Germany insists on maintenance of gas transit through Ukraine, - Merkel about Nord Stream 2

As we reported earlier, on October 19, the Government adopted the decision on the gas price increase by 23.5 percent from November 1. Within one hour after the relevant decision of the Cabinet of Ministers, a statement appeared on the website of IMF that Ukraine and the Fund reached an agreement on a new 14-months-long support program of economic policy Stand-By Arrangement (SBA), which is supposed to replace the Extended Fund Facility (EFF), which is adopted in March 2015 and expires in March 2019.  

Related: Gas prices hike in Ukraine from November 1

The Monetary Fund expects thatthe  IMF Council will adopt the program by the end of 2018 under the condition that Ukraine fulfills all agreements. That includes the adoption of the state budget by the Ukrainian Parliament, which corresponds to the recommendations of the Fund. 

Related: Next gas price increase in Ukraine slated for May 2019

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