Senior lawmaker warns Ukraine’s macrofinancial stability is at stake
Ukraine’s public finances leave “no room for optimism,” and the country’s macrofinancial stability depends on fulfilling commitments made to international partners, senior lawmaker Danylo Hetmantsev said after talks with an International Monetary Fund mission.
Ukraine's public finances are in dire straits, with senior lawmaker Danylo Hetmantsev warning that the country's macrofinancial stability is at risk, according to a report after a meeting with an International Monetary Fund mission. Hetmantsev, who chairs the Verkhovna Rada Committee on Finance, Tax and Customs Policy, described conversations with IMF representatives as "extremely difficult."
The mission's visit focused on Ukraine's compliance with commitments under cooperation programs with the IMF and the European Union, including tax policy, financial-sector reform and capital-market development. "A significant portion of these commitments requires corresponding legislative changes," Hetmantsev stated. Despite the political challenges, he emphasized that people expect concrete results rather than explanations of the complexity of the process.
The immediate priority, Hetmantsev warned, is to maintain the consistency of reforms and fulfill Ukraine's commitments on time. Failure to do so could lead to macrofinancial instability, continued support difficulties, and even the country's survival, according to Hetmantsev. The IMF mission began its work in Ukraine on August 31.
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