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Ukraine won’t be able to fulfill debt obligations without IMF, - Mikloš

Ivan Mikloš noted that anti-corruption reforms are essential for Ukraine’s fulfilling the IMF requirements
14:39, 20 January 2018

pravda.com.ua

Ukraine must continue reforms in 2018 despite the upcoming elections, partly because they are a part of the requirements of the IMF. Without cooperating with the fund, Ukraine won’t be able to fulfill its debt obligations, as Consultant of Ukrainian finance and economy ministers Ivan Mikloš told Channel 5 on air, according to Interfax-Ukraine.

“it’s normal in democratic counties when politicians don’t want to pass reforms before elections because people are afraid of reforms. But in 2018 it’s important that those reforms continue. Because Ukraine is in a situation when without reforms there will be no progress, and people need progress,” he said. 

Related: What would happen if Ukraine broke up with IMF?

Mikloš also noted that anti-corruption reforms are essential for Ukraine’s fulfilling the IMF requirements for the next tranche. In particular, an anti-corruption court must be created.

“It’s essential that these conditions of the IMF are fulfilled in spring, meaning before May ends, so that there is no problem with financing. So there is time… But it shouldn’t be just an Anti-corruption court. It has to be a court that will work. And not only named as anti-corruption, but the one which will actually counter big corruption,” he said. 

Related: Some points of draft law on anti-corruption court contradict Kyiv’s commitments, - IMF

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