IMF Team Begins Talks In Kyiv On Economic Policy, Reforms

(MENAFN- UkrinForm) IMF Resident Representative for Ukraine Priscilla Toffano said this in a statement seen by Ukrinform.

According to the statement, an IMF team led by Mission Chief for Ukraine Gavin Gray has started meetings today with representatives of the Ukrainian authorities and other stakeholders in the context of the Fund's staff visit.

The discussions will focus on macroeconomic policy and key structural reforms, Toffano added.

Read also: Ukraine will receive first $1.5B tranche from IMF in coming weeks – MP

On February 26, the IMF Executive Board approved a new four-year Extended Fund Facility (EFF) for Ukraine worth $8.1 billion. The first tranche of $1.5 billion was disbursed on March 3.

Ukraine's Finance Ministry has said the program envisages efforts to de-shadow the economy and mobilize domestic budget revenues. The country has also committed to implementing a number of ambitious structural reforms.

On March 10, the Verkhovna Rada failed to pass government bill No. 14025, which would introduce international automatic exchange of information on income earned through digital platforms. Before the second reading, the government planned to amend the bill in line with IMF requirements, including scrapping the tax exemption on parcels worth up to EUR 150, introducing VAT for sole proprietors, and maintaining the elevated military levy at 5% even after martial law ends.

Photo: illustrative

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