It became known what to do Ukraine to preserve cooperation with the IMF.
The International monetary Fund called the main requirements for granting Ukraine a new tranche of credit stand-by program. IMF resident representative in Ukraine Jost Longman in an interview highlighted 5 points:
- The market price of gas.
- The implementation of the budget of 2019.
- Privatization of state enterprises.
- The opening of the land market.
- The fulfillment of Ukraine’s obligations on foreign debts.
Longman recognized the achievements of our country, but not without a touch of disappointment. “Although much has been achieved over the past five years, we must admit that the previous program of the eff fell short on expectations. Much remains to be done to strengthen the Ukrainian economy. Ukraine has an ambitious program for 2019, when the political will focus on the elections,” he said, informs Rus.Media.
The IMF believes that all the points of the Memorandum signed with Ukraine in December 2018 are needed to reform. “In any application to the Fund should call right projevovat significant number of policies and measures. They are all subjected to test for the importance from the point of view of macroeconomic importance,” – said the representative of the Fund.
And recalled that a key aim of the programme, launched in 2014, was the creation of conditions for maintenance of Ukraine’s external debt. “For anybody not a surprise that Ukraine is entering a period of relatively high debt payments during the last six months, the international capital markets was affected by a certain instability. In these circumstances, Ukraine needs to maintain macroeconomic stability, reduce its debt, structural reforms that will attract investors and thus enhance growth,” said Jost, Longman.
Until the end of February the Ministry of Finance is going to attract new loan the world Bank said its head Oksana Markarova. This will be the second attraction: the first time Ukraine borrowed under the guarantee of the SB at the end of December 2018 – Deutsche Bank has provided a loan of €349.3 million it will be to organize a new loan under the second part of the warranty is still unknown. Though earlier the experts expected to attract $400 million.