REUTERS
Experts predict that Ukraine is able to raise up to $8 billion in funding from international partners thanks to a new program with the IMF.
The International Monetary Fund (IMF) expects that the Ukrainian authorities will increase heating tariffs to secure the approval of a new 14-month cooperation program with the Fund.
"At the moment we would expect [IMF] Executive Board consideration later this year following the implementation of those prior actions relating to the parliamentary approval of the 2019 budget and an increase in heating tariffs in line with the agreement that were reached," Communications Department Director at the IMF Gerry Rice said at a briefing in Washington, D.C.
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UNIAN memo. The IMF and the Ukrainian authorities earlier reached agreement on economic policies for a new 14-month Stand-By Arrangement (SBA) worth US$3.9 billion, which is to be approved by the IMF's Executive Board. The new SBA will replace the arrangement under the Extended Fund Facility (EFF), approved in March 2015 and set to expire in March 2019.
Board consideration is expected later in the year following parliamentary approval of a government budget for 2019 consistent with IMF staff recommendations and an increase in gas and heating tariffs for households, reflecting market developments while continuing to protect low-income population.
Experts predict that Ukraine is able to raise up to $8 billion in funding from international partners thanks to a new program with the IMF.