The International Monetary Fund (IMF) staff and the Ukrainian authorities have reached staff-level agreement (SLA) on the fourth review of the 4-year Extended Fund Facility (EFF) Arrangement, subject to approval by the IMF Executive Board, Ukraine would have access to about US$2.2 billion (SDR 1,669.82 million). “The International Monetary Fund (IMF) staff and the Ukrainian … Read more
The International Monetary Fund (IMF) team, led by Alfred Kammer, Director of the IMF’s European Department, begins meetings on Thursday in Kyiv with Ukrainian authorities and other partners, according to a statement by the IMF’s Resident Representative to Ukraine, Vahram Stepanyan. “The discussions will focus on the risks to the Ukrainian economy and the authorities’ … Read more
The International Monetary Fund (IMF) predicts that Ukraine’s gross domestic product (GDP) will grow by 3.2% in 2024 and by up to 6.5% in 2025 even as the country continues to grapple with the full-scale invasion. Around the same time last year, the IMF initially estimated a 3% decline in Ukraine’s GDP in 2023 before … Read more
The National Bank of Ukraine (NBU) and the Ministry of Justice in March 2024 should prepare a plan to increase the transparency of the real estate market, the updated Memorandum of Economic and Financial Policy of Ukraine on the EFF extended Financing program with the International Monetary Fund (IMF) reads. “The NBU and Ministry of … Read more
The Cabinet of Ministers of Ukraine will adopt a roadmap for the gradual liberalization of gas and electricity markets with a clear plan for its implementation for the period after martial law. “Once the war winds down, the reform agenda in the energy sector will, inter alia, require restoring and enhancing competition in wholesale and … Read more
In March 2024, the State Property Fund of Ukraine should develop amendments to bill No. 7386 on property valuation, as well as present a roadmap for the implementation of international standards on valuation and the creation of a register for the valuation of financial assets, follows from the updated Memorandum of Economic and Financial Policies … Read more
The International Monetary Fund (IMF) has published an updated Memorandum of Economic and Financial Policies following the third review of the Extended Fund Facility Arrangement for Ukraine. According to the document, there are no new structural benchmarks, and the execution dates of three existing ones are delayed by several months. In particular, the deadline for … Read more
The Cabinet of Ministers is considering a plan to increase budget revenues by 0.5% of GDP, which Ukraine must present within the IMF program. To that end, the government plans to introduce additional taxation in the form of a 0.1% military levy on the profit of enterprises and income of private enterprises, 1.5% on the … Read more
The Verkhovna Rada of Ukraine, after consideration, rejected both draft resolutions to cancel its decision of November 9 to adopt at the final reading draft law No. 10016-d on amending the Tax Code and the law on the collection and accounting of single social security tax on the resumption and expansion of tax audits. As … Read more
The International Monetary Fund (IMF) has announced the creation of the Capacity Development Fund for Ukraine, with $14 million already received from donors, National Bank of Ukraine Governor Andriy Pyshnyi has said in a post on Facebook. “The IMF has officially launched the Capacity Development Fund for Ukraine, aimed at addressing the needs for the … Read more