Ukraine should carry out several reforms to obtain a new tranche of the IMF

Submitted by bashun on Wed, 01/17/2018 - 14:06

Ukraine needs to launch the work of an anti-corruption court and sell a number of large state enterprises to obtain new loans from the main Ukrainian creditor, the International Monetary Fund (IMF).

This is reported by the Minister of Finance Oleksandr Danyliuk, reports HUBs.

"What needed to be done to obtain the next tranche is rather complicated reforms ... And that is why there is a certain delay in time. For example, the same creation of the Anti-Corruption Court is really one of the most difficult changes, and it must happen correctly. Therefore, even if we have lost a little time, the main thing is to finally get a proper, independent, effective anti-corruption court, " says the Finance Minister in an interview with the Voice of America radio, commenting on the results of his trip to the United States.

As Oleksandr Danyliuk noted, the same applies to other IMF requirements to Ukraine.

"Regarding the adoption of the law on privatization, it depends on what this law will be, we will have transparent privatization or not, and therefore it is better to meet a qualitative bill in a little more time so that privatization takes place on its basis than now hurry with the adoption of relevant bills, so that later there was no confidence in this process, " says the minister, adding that it is impossible to delay the implementation of these tasks.

According to him, this is not about the fact that the Ukrainian authorities can wait another month or two or three, "you need to move fast enough."

"That is, the President filed a law on the creation of the Anti-Corruption Court ... Then the law on privatization is ready, and other reforms are now at the stage when they have to be accepted quickly, which will open the way for the next tranche," says the official.

Earlier, Danilyuk predicted that Ukraine in 2018 could receive more than two tranches of financial assistance from the IMF.


Read more