15:37 16.02.2018

Finance minister, IMF experts discuss reform of State Fiscal Service

2 min read
Finance minister, IMF experts discuss reform of State Fiscal Service

Ukrainian Finance Minister Oleksandr Danyliuk and representatives of a technical mission of the International Monetary Fund (IMF) have discussed the reform of the State Fiscal Service (SFS), the Finance Ministry has reported on Twitter.

"The mission's representatives agreed that operational changes within the structure are important, but the focus should be placed on institutional changes with the reorganization of the service and the involvement of new persons," the ministry said.

In addition, the IMF's technical mission met with members of the Council of the National Bank of Ukraine (NBU) to discuss the strategy of monetary policy and currency regulation, macro-financial stability, the balance of fiscal and monetary policies.

After the meeting, Head of the NBU Council Bohdan Danylyshyn on his Facebook page stressed the importance of continuing cooperation with the IMF, which is the guarantor of confidence in Ukraine from global financial institutions.

"Ukraine has fulfilled a significant part of its commitments. Taking into account the current economic situation and political conditions, commitments must be fulfilled as part of the current program or mechanisms for their phased implementation must be proposed. I would like to hope for the successful implementation of the current program of cooperation with the IMF," he said.

The IMF's technical mission, led by Ron van Rooden, worked in Ukraine on February 12-16 to discuss practical issues related to the continuation of the Extended Fund Facility (EFF). First and foremost, the issue concerns the adoption of the law on the Anti-Corruption Court and amendments to other laws for its launch, the fulfillment by the government of these promises to bring gas prices to the market level, keep the necessary level of fiscal discipline and macro stability.

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