Fitch called the conditions of the agreement with the IMF

Fitch назвало условия соглашения Украины с МВФ

Among the risks of a new credit program Fitch Ratings indicates poor record of Ukraine at the end of the previous programs.

The new agreement of Ukraine with the International monetary Fund will probably include a test for structural indicators. This is stated in the overview of Fitch Ratings, published on the website of the international Agency.

It is noted that among the obligations of Ukraine can be a new legislation to reinforce the supervision of the financial sector (law on “split”), the development of agricultural land market, sustainable progress and tangible results in the fight against corruption, progress in privatization and creation of market mechanism for domestic gas prices.

Among the risks of the new program Fitch Ratings indicates poor record of Ukraine at the end of the previous programs (none of them was fulfilled before the end – ed.) and potentially negative court decisions that will lead to the cancellation of earlier decisions, for example, in relation to the nationalization of PrivatBank.

In addition, the Agency analysts noted the risks of implementing the reforms because of the potential of fragmentation of representation of the President in the Verkhovna Rada in case of disagreement about political priorities or pressures are still influential corporate interests.

Earlier it became known that Fitch has raised a rating of Ukraine from “B” to “B” with a further positive Outlook. It was argued that Ukraine has demonstrated timely access to fiscal and external financing, improved macroeconomic stability and reduced fiscal debt, and a shortened election period, reduced domestic political uncertainty.

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