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Editor’s note: This is issue 58 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from May 27–June 2, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. The IMF benchmarks in focusThe draft law on restart of the Bureau of Economic Security wasn’t included in the parliamentary agenda for this week. This week the Verkhovna Rada probably won’t consider draft law #10439 in the second reading on relaunc...
Kyiv Independent (CA)
Ukraine is set to receive $2.2 billion from the IMF's Extended Fund Facility (EFF), Prime Minister Denys Shmyhal announced on social media on May 31. The funding announcement comes as Ukrainian and International Monetary Fund officials reached an agreement on the fourth review of the EFF Arrangement, according to Shmyhal. The IMF's Executive Board must first approve the $2.2 billion in funding, and no timeline was provided for when that approval may come. The EFF funds are meant tolend Ukraine stability amid the disruptions of war, support the country's postwar recovery, and promote economic g...
Kyiv Independent (CA)
Ukraine is set to receive three additional tranches totaling $4.5 billion from the IMF's Extended Fund Facility (EFF) in 2024, according to the Ukrainian Finance Ministry. A meeting between the ministry's leadership and the IMF's European Department discussed budgetary issues and preparations for the fourth review of the EFF Arrangement. The total EFF amount for 2023-2027 is $15.6 billion, part of a larger international support package for Ukraine. Since the launch of the IMF EFF, Ukraine has initiated 21 structural benchmarks, with 14 focused on fiscal policy and the financial sector. These i...
Kyiv Independent (CA)
Editor’s note: This is issue 55 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from May 13–19, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. IMF benchmarks in focusThe president signed a draft law that was adopted to meet the last structural benchmark till the next review of the IMF program. President Volodymyr Zelensky signed draft law #11130 which suggests rationalizing matters or issues ...
Kyiv Independent (CA)
Editor’s note: This is issue 55 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from May 6–12, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. IMF benchmarks in focusHow the Verkhovna Rada supports draft laws for meeting requirements of the international financial programs. Government officials often use the argument that reforms cannot be implemented due to confrontation from the Ukrainian Pa...
Kyiv Independent (CA)
Editor’s note: This is issue 54 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 29- May 5, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. IMF benchmarks in focusThe Tax Policy Committee has finalized the table of amendments to the draft law on the Bureau of Economic Security reform. The Committee on Finance, Tax and Customs Policy has finalized the table of amendments to draft law ...
Kyiv Independent (CA)
Editor’s note: This is issue 53 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 22-28, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and obligations in the IMF MemorandumThe Parliament adopted the draft law on hearings in the High Anti-Corruption Court and met the last structural benchmark before the next review of the program. On April 24 the Verkhovna Rada of Ukraine ...
Kyiv Independent (CA)
Editor’s note: This is issue 52 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 15-22, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. World Bank prioritiesThe Committee on Law-Enforcement recommended a draft law with changes in the High Anti-Corruption Court hearings. On April 22, the Committee on Law Enforcement Issues recommended adopting draft law #11130. The draft law suggests ...
Kyiv Independent (CA)
Ukraine will need at least $42 billion in international aid to support its budget this year, the International Monetary Fund (IMF) said on April 18. Speaking in Washington, IMF Managing Director Kristalina Georgieva said she was "confident" this would be achieved but added that fully addressing the country’s economic problems would require ending Russia's full-scale invasion. "A war above all is tragic, having men and women and children killed and wounded in a daily occurrence. So we need this war to end for their sake," she said. Foreign aid is crucial for Ukraine as the economic pressure cau...
Kyiv Independent (CA)
Editor’s note: This is issue 51 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 8- 14, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. IMF benchmarks in focusThe Parliament adopted in the first reading the draft law on the Bureau of Economic Security that doesn’t meet international requirements. On April 11, the Verkhovna Rada of Ukraine adopted in the first reading draft law #10439...
Kyiv Independent (CA)
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