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International Monetary Fund Expresses Concerns Over Ukraine Aid; Parliament Deadlocked on Tax Measures
Investing.com — The International Monetary Fund’s representative in Ukraine told Bloomberg that the IMF is concerned about Ukraine’s ability to continue receiving funding from its $8.1 billion aid package as lawmakers delay measures needed to release the funds.
The Ukrainian parliament must pass legislative amendments by the end of March to increase taxes on businesses and households, based on the latest four-year loan plan approved last month.
Lawmakers have so far failed to debate several modifications requested by the IMF, which is a blatant defiance of President Zelensky, potentially paralyzing the parliament.
As the war enters its fifth year, these measures are highly unpopular among the public, but they must be approved to unlock the remaining funds. Kyiv has received $1.5 billion from the latest plan.
Priscilla Toffano, the IMF’s resident representative in Ukraine, told Bloomberg on Monday, “I can say I am very concerned.”
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