Media reported about the four conditions of the IMF for a new loan to Ukraine
The international monetary Fund (IMF) Ukraine has put forward four conditions for the new loan, according to the Ukrainian newspaper “Economic truth” with reference to sources.
To obtain a loan of $5-6 billion, Kiev has to raise gas prices by 23%, to adopt a balanced budget, to carry out anti-corruption reform and reorganize the State fiscal service.
The IMF in 2015 began a program of financial assistance to Ukraine. It Kiev has already received four tranches for a total of $8.7 billion, the Fifth tranche of the Ukrainian authorities expect to receive before the end of 2017, but until now have not received.
Prime Minister of Ukraine Volodymyr Groysman said earlier that failure to comply with the requirements of the IMF, including raising gas prices for the population, “put Ukraine on the brink of default.” Under pressure from the IMF, the President of Ukraine Petro Poroshenko has signed the law on creation of anti-corruption High court.
Read more about why Ukraine anti-corruption court, in an interview with “Kommersant” the Deputy of the Verkhovna Rada.
See also: Thanks for the sanctions: why Russia invests in Ukraine