Ukraine fails to meet three IMF commitments — What’s next

Ukraine has fulfilled only one of four structural benchmarks tied to the 7th and 8th reviews of its Extended Fund Facility (EFF) program with the International Monetary Fund (IMF). Key actions, such as appointing a new customs chief and conducting an audit of the National Securities and Stock Market Commission (NSSMC), were postponed.

This was reported by Yaroslav Zhelezniak, Deputy Head of the Parliamentary Committee on Tax and Customs Policy.

He noted that during the three months between the 7th and 8th EFF reviews, Ukraine was expected to meet four structural benchmarks and one prior action — the latter being the adoption of a law to increase excise taxes.

While the government quickly fulfilled the prior action and submitted what Zhelezniak called a “mockery of further customs reform” — actually postponing again what was supposed to be completed by early 2025.

At the same time, Ukraine met only one of the four structural benchmarks: registering a draft law on tax reporting for digital platforms. Additionally, the results of the NABU (National Anti-Corruption Bureau) audit were published in advance.

The government also promised to submit the Budget Declaration by June 30.