“In total, Ukraine has already implemented 35 structural beacons within the framework of the EFF program, 20 of which are in the fiscal direction.”, — write: www.unian.ua
In total, Ukraine has already implemented 35 structural beacons within the framework of the EFF program, 20 of which are in the fiscal direction.
Ukraine will receive an IMF tranche in the amount of 1.1 billion dollars / photo REUTERSBased on the results of the sixth revision of the Enhanced Financing Facility (EFF), the International Monetary Fund will provide Ukraine with another $1.1 billion. About this reported on the website of the Ministry of Finance.It was noted there that Ukraine has fulfilled five structural beacons, which are foreseen for the sixth revision of the Program:
- adopted amendments to the Customs Code;
- reviewed the pre-war policies and practices of medium-term budget planning;
- assessed financial risks for financial stability and prepared an action plan for various scenarios;
- analyzed the financial condition of enterprises of centralized heat supply;
- developed the policy of state property management in state enterprises, dividend policy and privatization strategy.
Also, Ukraine completed three more structural lighthouses ahead of schedule:
- exempted the NCRECP from the state registration procedure;
- formed a new composition of the Supervisory Board of “Ukrenergo” with the majority of independent members;
- amended the Law on the Accounting Chamber.
It is noted that in total Ukraine has already implemented 35 structural beacons within the framework of the EFF program, of which 20 are in the fiscal direction.
The IMF also raised its economic growth forecast for 2024 to 4%, given better-than-expected resilience to energy shocks.
IMF Director Kristalina Georgieva noted that the tax package and budget for 2025 were adopted in accordance with the basic scenario of the IMF program. Minister of Finance of Ukraine Serhiy Marchenko noted:
“As a result of the successful revision, Ukraine will receive a tranche of about 1.1 billion US dollars in the near future. Thus, financing from the IMF this year will reach almost 5.4 billion US dollars, and the total amount of payments under the EFF program will amount to 9.8 billion USD. I am grateful to the Foundation’s team for their productive work.”
Prime Minister of Ukraine Denys Shmyhal reported that the funds will be used to finance important budget expenditures. The NBU also specified that the IMF’s release noted Ukraine’s effective implementation of the EFF program, despite the difficult conditions of the war.
Cooperation between Ukraine and the IMFIn October, Ukraine received a new tranche from the International Monetary Fund. The amount of income was 1.1 billion dollars. Prime Minister Denys Shmyhal noted that the funds will be used to cover important budget expenditures of a non-military nature.
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