As a result of the revision, the country can receive $1.1 billion.
Representatives of the IMF will insist on the earliest possible devaluation of the hryvnia, lower interest rates and higher taxes. Yes, in their opinion, the country will be able to make up for the deficit in the state budget.
These are the conditions for Ukraine to continue receiving financial assistance from the IMF, writes Bloomberg.
According to the publication, during the meeting of Ukrainian officials and IMF representatives, they will consider the EFF loan program for $15.6 billion.
As a result, Ukraine will be able to unblock the payment of $1.1 billion – IMF representatives must ensure that the country achieves the program's goals and has enough funds for financing.
EFF Program— a four-year extended financing facility in the amount of $15.6 billion for Ukraine. The main goal of the EFF was to increase the level of reserves of the National Bank of Ukraine, prevent capital outflow, stabilize the country's balance of payments and help Ukraine overcome structural problems in its economy through reforms.
At the same time, the National Bank of Ukraine does not want to allow further weakening of the hryvnia. The currency has already lost more than 10% since October 2023, when the country abolished the fixed exchange rate that was introduced after the start of Russia's full-scale invasion of Ukraine.
“The IMF also called the Ukrainian government's plan to increase taxes too soft and called for expanding the range of duties – one of the possible proposals is to increase the value-added tax – it is currently 20%,” the journalists write.
Representatives of the IMF, the NBU and the Ministry of Finance of Ukraine did not comment on these statements.
Earlier it was reported that Ukrainians can expect higher tariffs for gas and electricity, because the IMF requires it. Read more about this in the news.