(MENAFN- UkrinForm) Ukrainian World Congress (UWC) has called on the International Monetary Fund (IMF) to reconsider thecondition ofan increase of gas tariffs for Ukrainian households for thenext IMF funding tranche.
This is said in a letter by UWC President Eugene Czolij toIMF Managing Director Christine Lagarde, which is available to Ukrinform.
'The withholding of the next funding tranche by the IMF will threaten an already fragile socio‑economic situation in Ukraine, negatively impact the reform agenda, and create economic uncertainty. In view of the above, the UWC calls upon the IMF to waive its condition ofan increase of gas tariffs for Ukrainian households foritsnext funding tranche. The disbursement of IMF's next funding tranche will enhance further reforms for the benefit ofthe Ukrainian people and ensure more rapid GDP growth, reads the letter.
The UWC President also highlighted that in spite of the ongoing Russian aggression andthe resulting economic difficulties, Ukraine has been undertaking an ambitious reform agenda while trying to prevent further deterioration ofthestandard of living for the population.
'Many of these reforms, that included the coordinated assistance of international financial institutions and pressure from civil society, have been very successful. However, Ukraine will continue to require further support from the international community until themany systemic reforms that have been initiated over the past years begin to bring visible benefits forits economy, reads the letter.
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