IMF approves boost in gas prices for Ukrainians

Source : 112 Ukraine

According to IMF, this will reduce corruption
14:59, 29 April 2016

International Monetary Fund approves the decision of Ukrainian government to establish a unified gas price for population and industry at the level of $275 per 1,000 cubic meters, it is said in the comment of official representative of IMF for DW.

“We welcome the government’s decision to boost prices on gas and central heating up to the cost recovery level based on market parity, which will help avoid inappropriate targeting and overly expensive subsidies”, - the Fund noted.

IMF emphasizes, that Ukrainian government will neutralize the boost of tariffs for poor population groups by way of a “better targeted and a much more efficient system of subsidies for covering communal services”.

“New tariffs will also help reduce the scale of corruption and will encourage further reduction of energy costs, stimulate investment and, thus, will help achieve energy independence”, - IMF assured.

Related: Hahn: “Government must further cooperation with IMF in order to receive €600 million tranche from EU”

Related: G7 Ambassadors encourage Groysman to further IMF program and fight against corruption

Related: Groysman’s vision of cooperation with IMF

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