: :inin Kyiv (EET)

Finance Ministry names laws needed to get IMF`s next tranche

Ukraine should adopt four key bills in order to get the next tranche of the International Monetary Fund (IMF) before the end of the year, Ukrainian Finance Minister Oleksandr Danyliuk told Ukrainian newspaper Ekonomichna Pravda.

”Firstly, the pension reform, which aims at balancing the system not only as of today, but also in the medium and long term, taking into account the demographic changes,” the minister said.

According to Danyliuk, it is also necessary to adopt a law on the choice of a model of the land market, which shall determine the rules of relations in the agricultural sector and stimulate the economy.

”In addition, the reduction of the list of enterprises not subject to privatization. This law should attract investment and better management in the different sectors of the economy, which in turn will lead to growth,” he said.

”Also, the reform of state-owned banks, which among other things involves the creation of independent supervisory boards to help make the management of state-owned banks more transparent and effective,” the Minister added.

As UNIAN reported earlier, an International Monetary Fund mission has praised the Ukrainian authorities` progress but says Ukraine still needs more time to ensure medium-term fiscal sustainability.


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