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Automatically translated version. May contain inaccuracies compared to the original.
The government is negotiating with the IMF for the financing needed to cover the budget gap. Finance Minister Serhii Marchenko met with IMF Managing Director Kristalina Georgieva in Dublin. The IMF emphasizes that Ukraine must mobilize domestic resources to cover the public finance deficit. But no amount of domestic resource mobilization will be sufficient without external assistance.
Next year Ukraine will need about $52,6 billion in external financing. So far about $20 billion has been confirmed. That means another $32,6 billion still needs to be found.
Partner funds are currently tied to our meeting of commitments. The good news is that last week the Verkhovna Rada made some progress on passing long-promised bills: 15172 on securitization was already adopted in full, and seven other required bills passed first reading. But the second reading still lies ahead. And there are also upcoming commitments, the deadlines for which in the tracker agreed with partners are either approaching or have already passed. One of these is, by the way, the 14327-d on Ukraine’s accession to the Single Euro Payments Area (SEPA). The deadline to adopt the necessary changes expires in November. But there are not enough votes in the Rada for the bill due to some deputies’ concerns about strengthening financial monitoring, so it is simply not put up for consideration.
— Member of Parliament Olga Vasilevska-Smaglyuk
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