IMF insists on the Anticorruption court and market gas prices for renewing Ukraine’s funding.
The approval of the Law On Anticorruption Court and the fulfilment of promises on gas price adjustment to the market level are the main terms for completion of the fourth revision of IMF’s Extended Financing Facility program for Ukraine and allocation of the loan tranche, IMF Resident Representative in Ukraine Goesta Ljungman said, Interfax-Ukraine reports.
Commenting on the state of cooperation during the European Business Association"EBA Global Outlook 2018: Think Beyond. Stay Ahead" in Kyiv, on Thursday, he noted that the purpose of introducing market prices to the gas market is to prevent artificial market segmentation for household and industry.
“”There are certain conditions; we need to fulfill them. These are achievable indicators: we hope for their soon fulfillment”, Goesta Ljungman said
Among other tasks, he emphasized keeping inflation, positively assessing the increase of NBU refinancing rate, preserving the flexible exchange rate policy for maintaining competitiveness of Ukrainian policy.
IMF Resident Representative in Ukraine noted that the international reserves of Ukraine increased by USD 6.5 bln – up to USD 19 bln; however, it is necessary to increase them further – up to USD 30 bln to ensure protection from external shocks.
He also encouraged orienting on the increase of labor productivity in the salary increase policy, as the excessive increase of salaries will harm the stable growth.
