
In order to receive the next tranche of the International Monetary Fund (IMF), whose program of assistance to Ukraine is designed for four years and involves the allocation of $ 17.5 billion to Kyiv, the country must fulfill a number of requirements: accept pension reform, carry out privatization and create an anti -corruption court.
As the deputy head of the National Bank of Ukraine, Ekaterina Rozhkova, said, "the IMF mission expressed optimism about the adoption of pension reform." “Now they have left, they will consult. Next week, the annual meeting of members - IMF countries begins. I think the issues of prospects and deadlines will rise there,” Ukrainian News quoted Rozhkov.
The deputy head of the NBU said that the IMF technical mission, which recently completed work in Ukraine, has many questions on the financial sector, but the mission praised the work done by the Ukrainian side, in particular in the field of banking supervision.
Now the Mission of the World Bank is working in Ukraine, which is dealing with issues of state banks and NPL (an indicator of overdue loans).
Recall that in order to receive financial assistance, the IMF requires Ukraine significant progress in matters of pension reform (has already been approved by the Ukrainian parliament), certain indicators of the budget for the next year (the draft budget is approved by the Cabinet and expects the approval of the Verkhovna Rada), the reform of education and medicine, the acceleration of privatization, the creation of the anti -corruption court and strengthen the fight against corruption, Unification of target indicators of fiscal and energy policy in accordance with the requirements of the IMF, as well as land reform.
According to Ukrainian experts, the allocation of the next tranche of the IMF depends for the most part on the political factor - the authorities of Ukraine must demonstrate the will and ability to negotiate for the necessary reforms, the main ones are land reform, fiscal reform (cleansing the banking system) and managerial reform (privatization and improvement of the state -owned enterprise management mechanism).
But since the fulfillment of the entire list of the requirements necessary for obtaining a tranche is unrealistic in the near future, there are two most likely scenarios of the development of events: the first - due to failure to fulfill the terms of the Agreement with the IMF, the negotiation process will be delayed for an indefinite time and the allocation of the tranche will be postponed, the second - due to political instability, Kyiv will not be able to carry out the necessary reforms and cooperation with the IMF will be suspended.
In the event of a suspension of cooperation with the International Monetary Fund, Ukraine will have to spend their gold and foreign exchange reserves and say goodbye to key investors to support the economy.