IMF ready to approve new program for Ukraine after new gas prices reflected in heating tariffs

15:41, 24.10.2018 1 min read

The Board of Directors of the International Monetary Fund (IMF) is ready to approve a new program to support the economic policy of Ukraine, a Stand-By Arrangement, only after the final review of heating tariffs in accordance with the increase in gas prices.

The relevant information is contained in the preliminary prospectus for the issue of eurobonds of the Finance Ministry available to Interfax-Ukraine.

"The agreement with the IMF experts suggests that heating tariffs should be completely revised taking into account the increase in gas prices before the new program is approved by the Board of Directors of the Fund," the document says.

As reported, on October 19 the government decided to raise gas prices for the population in Ukraine by 23.5% from November 1, 2018. The issue of gas prices for the population is the key to renewing IMF financing.