Ukraine’s newly-elected president, Volodymyr Zelensky may experience difficulties in implementing major reforms, warn experts. If he is unable to convince parliament to adopt new anti-corruption legislation soon, a loan from the International Monetary Fund (IMF) may be stopped, writes the newspaper Dagens Nyheter, before explaining that in 2018 Ukraine and the IMF agreed on a new USD 3.9 billion programme of financial assistance. Disbursement of the next payment, planned in May, is conditional on new anti-bribery legislation, however.
The programme replaced a former facility of USD 40 billion agreed in 2015, under which Sweden pledged USD 100 million – funds that have not been paid out as yet, since an agreement has not been reached between the countries.
“The ball is in Ukraine’s court,” says Daniel Sunesson, director at the Ministry of Finance.
In order for a payment to be disbursed, an agreement must also be approved by the Swedish Parliament.
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