IMF set out main requirements for reforms in Ukraine

IMF set out main requirements for reforms in UkraineThe International Monetary Fund has set out the main requirements for reforms in Ukraine.

This is stated in the IMFs outlook of economies of the Eastern Europe countries and the Baltic states.

"Certain countries in the region require deeper reforms to re-orient the economy toward more private-sector-led growth (Belarus), reinforce the independence of the judiciary system (Moldova), and to fight corruption and reform tax administration (Ukraine)," the statement reads.

Read also: IMF mission led by Mr Ron Van Rooden will be working in Kyiv on May 10-18

The key tasks determined for Ukraine are judicial reform, pension reform and reform of state-owned enterprises, as well as continuing reform of the countrys energy sector.

"Structural reforms are of paramount importance to raise productivity that, in turn, could result in faster convergence with advanced Europe," the IMF stresses.
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