IMF ready to approve new program for Ukraine after new gas prices reflected in heating tariffs
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.
Advertising
Advertising
MORE ABOUT
Ukraine's Finance Minister holds number of meetings within World Bank-IMF Spring Meetings in Washington
09:28, 16.04.2024
Participants in IMF and World Bank spring meetings to discuss support for Ukraine
20:08, 12.04.2024
Updated memo on EFF with IMF contains 13 steps to deepen infrastructure of financial markets and supervision
20:17, 26.03.2024
Ukraine receives $880 mln from IMF - Shmyhal
12:44, 26.03.2024
In updated EFF arrangement with IMF, Ukraine manages to postpone deadlines of three benchmarks, do without new ones - memo
15:02, 23.03.2024
LATEST
NBU develops alternative scenario in case of higher security risks with GDP growth in 2025 by 3.3%
11:03, 06.05.2024
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months