: Main tasks for Ukrainian government

11:49 May. 6, 2016

Main tasks for Ukrainian government

Ukrainian capital Kyiv (GettyImages Photo)

IMF says Kyiv needs to implement reforms and fight corruption to receive financial aid

The International Monetary Fund has determined Ukraine's top priorities. The IMF reps have stated Kyiv needs to implement the judicial and tax reforms, make changes to the way the state companies are managed and fight the corruption.

Read also: Carnegie Europe: Ukraine's indispensable economic reforms

"Ukraine's policy should rely on the institutional reforms, which could bring investments to the country. It can be achieved by improving the situation in the job marketplace and business environment", the IMF reports, according to UNIAN.

The officials add, power sector and pension reforms should also be considered a priority for the Ukrainian government.

Read also: Balcerowicz: Ukraine seeing beginning of economic growth

The IMF predicts the country's economy will grow at a 1.5% pace in 2016.

The organisation is planning to continue further cooperation with Ukraine. The IMF mission wil arrive in Kyiv on May 10. It will conduct the second review of the Extended Fund Facility. The program is worth about USD 17.5 billion of financial aid for Ukraine's economy.

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