IMF ready to postpone requirement for land reform in Ukraine

Pension reform, privatization, and the fight against corruption are key requirements for the completion of the fourth review of the Extended Fund Facility (EFF) program with the International Monetary Fund (IMF), says William Murray, an official representative of the Fund.

"Consideration by the Executive Board of the fourth review will be possible once the policies needed for this review are implemented. The focus of this review is on pension reform and on measures to speed up privatization and ensure concrete results in anti-corruption efforts," he said during a traditional briefing in Washington on Thursday, reports Interfax-Ukraine.

In addition, Murray added, the continuation of fiscal reform and the reform of the energy sector are also important in the fourth review.

As for land reform, according to the representative of the IMF, it is still an important condition for the program. However, in order to reach a consensus on key issues, it is necessary to postpone it until the end of the year.

Earlier, the Minister of Finance of Ukraine, Oleksandr Danyliuk, said that he expected the IMF’s decision on granting Ukraine another credit tranche within the EFF program framework to happen in the fall.

  IMF, land reform