The mission of the International monetary Fund (IMF) announced in early November, postponed for several weeks – at least until the second half of November. About it reports “League. Finance” with reference to own sources.
The mission is expected to arrive in Kiev to end negotiations with the Ukrainian government on a new program of cooperation. As the staff of the IMF office in Ukraine, the exact date of arrival of the mission has not yet been determined.
In Kiev, the mission is going to study the promotion of the government on the path of reforms. In particular, will be analyzed 10 of the reforms:
setting the budget deficit at 2% of GDP required by IMF (already in the draft budget);return liability for illicit enrichment;the reform of the Deposit guarantee Fund of individuals ‘ deposits;granting permission to wiretap NABOO and the RRT (the relevant law is already adopted);the introduction of independent Supervisory boards of state-owned banks;unbundling “Naftogaz” (the law adopted but not yet signed by the President);the introduction of market gas prices (plan “Naftogaz” since 1 January);the adoption of the law on the land market;ensuring the independence of the Antimonopoly Committee;the work of the national Bank in the banking market.As for the second point, the Verkhovna Rada passed a relevant law. But he foresees rather mild punishment, what could be the probable cause of the postponement of the visit of the IMF mission.
According to NBU, in the course of the visit can be signed the agreement on a new program of expanded financing for a period of 3-4 years from $5 to 10 billion It will allow until January to get the tranche in the amount of about $2 billion.
The current program of cooperation between Ukraine and the IMF in the framework of stand-by was approved on 19 December 2018.
November 4, information appeared about the fact that the IMF suspended financial assistance to Ukraine because of concerns that Zelensky will not be able to repay the billions of dollars withdrawn from the Ukrainian banks, including PrivatBank.