TohidA/MONA · Datasets at Hugging Face

599

UKRAINE

926

SBA

2008-11-05

2,008

2010-11-04

2,010

2010-07-27

N/A

2009-07-28

P1

R2

L

SPC

27

8. International trade policy, excluding customs reforms

Prohibition on the imposition or intensification of import restrictions for balance of payments reasons.

1

04/30/2009

W

At R1, source of status information: Press Release No. 09/156.

2

1

2009-04-30

N/A

599

UKRAINE

926

SBA

2008-11-05

2,008

2010-11-04

2,010

2010-07-27

N/A

2009-07-28

P1

R2

L

SPC

27

8. International trade policy, excluding customs reforms

Prohibition on the imposition or intensification of import restrictions for balance of payments reasons.

1

Continuous

PC

N/A

2

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

PA

20.3

1.3. Expenditure measures, including arrears clearance

Enact a supplementary budget with fiscal measures of UAH 16 billion, consistent with a general government deficit of 5.5 percent of GDP in 2010 and the commitments included in the MEFP, paragraph 10.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

PA

21

2. Central Bank

Enact amendments to the NBU law in line with IMF recommendations (MEFP, paragraph 16).

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

PA

21.1

2.1. Central bank operations and reforms

Amend NBU Resolution 47 in line with IMF recommendations (MEFP, paragraph 17).

1

Program Prior Action

M

To strengthen the emergency liquidity assistance framework and eliminate the possibility of NBU lending to the private sector.

0

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

PA

24.1

5.1. Public enterprise pricing and subsidies

Increase gas tariffs for all households and utility companies by 50 percent (MEFP, paragraph 12).

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

PA

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Adopt legislation transferring the authority for setting heating tariffs for communal utilities to a new independent regulator (MEFP, paragraph 12).

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

22

3. Civil service and public employment reforms, and wages

Formulate a comprehensive public administration reform plan aiming to improve the cost efficiency of public service delivery (MEFP, paragraph 11).

1

03/31/2011

SB

N/A

0

1

2011-03-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

23.1

4.1. Pension reforms

Enactment of legislation on pension reforms consistent with commitments in the MEFP, paragraph 10.

1

12/31/2010

SB

N/A

0

1

2010-12-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Initiate the implementation of the reform and restructuring strategy for Naftogaz in accordance with the principles of the Brussels declaration (MEFP, paragraph 13).

2

12/31/2010

SB

N/A

0

2

2010-12-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Pass legislation to revoke the Law "On Temporary Ban to Levy Penalties on Ukraine's Citizens For Overdue Payments of Utility Bills" so that any arrears on utility payments accumulated after October 1, 2010 are subject to penalties (MEFP, paragraph 12).

3

09/30/2010

SB

N/A

0

3

2010-09-30

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete the audit for Nadra Bank before any decision on its resolution and in line with commitments in the MEFP, paragraph 20.

1

10/31/2010

SB

N/A

0

1

2010-10-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

All banks should meet capital requirements and capital deficient banks should increase their capital in line with the approved plans (MEFP, paragraph 20).

2

12/31/2010

SB

N/A

0

2

2010-12-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Adopt amendments to the Law of Ukraine "On restoring the solvency of the debtor or announcing him/her bankrupt" and related regulations to expedite insolvency proceedings and to facilitate out-of-court restructuring (MEFP, paragraph 22).

3

06/30/2011

SB

N/A

0

3

2011-06-30

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete due diligence of state-owned banks in line with paragraph 21 of the MEFP.

5

12/31/2010

SB

N/A

0

5

2010-12-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

26

7. Exchange systems and restrictions (current and capital)

Agree with Fund staff on a schedule for phasing out existing restrictions on the foreign exchange market (MEFP, paragraph 18).

1

10/31/2010

SB

N/A

0

1

2010-10-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-07-28

P1

R0

E

SB

26

7. Exchange systems and restrictions (current and capital)

Amend the law "On surcharges for the purposes of mandatory state pension insurance" 400/97-BP to permanently eliminate the surcharge on non-cash purchase and sales of foreign currency (MEFP, paragraph 10).

2

12/31/2010

SB

N/A

0

2

2010-12-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

PA

20.3

1.3. Expenditure measures, including arrears clearance

Enact a supplementary budget with fiscal measures of UAH 16 billion, consistent with a general government deficit of 5.5 percent of GDP in 2010 and the commitments included in the MEFP, paragraph 10.

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Submit to Parliament a 2011 budget consistent with a general government deficit of 3.1 percent of GDP and the commitments included in the MEFP, paragraph 6.

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

PA

21

2. Central Bank

Enact amendments to the NBU law in line with IMF recommendations (MEFP, paragraph 16).

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

PA

21.1

2.1. Central bank operations and reforms

Amend NBU Resolution 47 in line with IMF recommendations (MEFP, paragraph 17).

1

Program Prior Action

M

To strengthen the emergency liquidity assistance framework and eliminate the possibility of NBU lending to the private sector.

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

PA

23.1

4.1. Pension reforms

Submit to Parliament legislation on pension reforms consistent with commitments in the MEFP, paragraph 11.

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

PA

24.1

5.1. Public enterprise pricing and subsidies

Increase gas tariffs for all households and utility companies by 50 percent (MEFP, paragraph 12).

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

PA

24.1

5.1. Public enterprise pricing and subsidies

NERC will issue (by December 16, 2010) instructions to communal utility companies to raise end-user heating tariffs (effective January 1, 2011) to reflect the August increases (MEFP, paragraph 15).

2

First Review Prior action

M

N/A

1

2

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

PA

24.1

5.1. Public enterprise pricing and subsidies

Pass legislation to revoke the Law “On Temporary Ban to Levy Penalties on Ukraine’s Citizens for Overdue Payments of Utility Bills” (MEFP, paragraph 14).

3

First Review Prior action

M

Previously a structural benchmark with end-Sept. 2010 test date; made a prior action for R1.

1

3

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

PA

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Adopt legislation transferring the authority for setting heating tariffs for communal utilities to a new independent regulator (MEFP, paragraph 12).

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

20.2

1.2. Revenue administration, including customs

Set up a more systematic, timely, and transparent VAT refund process (MEFP, paragraph 13).

1

01/31/2011

SB

Introduced at R1.

1

2011-01-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Submit to Parliament a 2012 budget consistent with a general government deficit of 2.5 percent of GDP.

1

09/30/2011

SB

Introduced at R1.

1

2011-09-30

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

22

3. Civil service and public employment reforms, and wages

Formulate a comprehensive public administration reform plan aiming to improve the cost efficiency of public service delivery (MEFP, paragraph 11).

1

03/31/2011

SB

N/A

1

2011-03-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

23.1

4.1. Pension reforms

Enactment of legislation on pension reforms consistent with commitments in the MEFP, paragraph 10.

1

12/31/2010

SB

P1R1: Parliamentary approval of legislation on pension reforms consistent with commitments in the MEFP, paragraph 11.

1

2010-12-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

24.1

5.1. Public enterprise pricing and subsidies

Approve an increase in gas tariffs for all households and utility companies by 50 percent, effective April 15 (MEFP, paragraph 15).

1

03/31/2011

SB

Introduced at R1.

1

2011-03-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Initiate the implementation of the reform and restructuring strategy for Naftogaz in accordance with the principles of the Brussels declaration (MEFP, paragraph 13).

2

12/31/2010

M

N/A

1

2

2010-12-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Pass legislation to revoke the Law "On Temporary Ban to Levy Penalties on Ukraine's Citizens For Overdue Payments of Utility Bills" so that any arrears on utility payments accumulated after October 1, 2010 are subject to penalties (MEFP, paragraph 12).

3

09/30/2010

MOD-PA

This structural benchmark was made a prior action for R1.

1

3

2010-09-30

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete the audit for Nadra Bank before any decision on its resolution and in line with commitments in the MEFP, paragraph 20.

1

10/31/2010

M

N/A

1

2010-10-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

All banks should meet capital requirements and capital deficient banks should increase their capital in line with the approved plans (MEFP, paragraph 20).

2

12/31/2010

SB

N/A

1

2

2010-12-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Adopt amendments to the Law of Ukraine "On restoring the solvency of the debtor or announcing him/her bankrupt" and related regulations to expedite insolvency proceedings and to facilitate out-of-court restructuring (MEFP, paragraph 22).

3

06/30/2011

SB

N/A

1

3

2011-06-30

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete due diligence of state-owned banks in line with paragraph 21 of the MEFP.

5

12/31/2010

SB

N/A

1

5

2010-12-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Implement a schedule to phase out Resolution 109 with a gradual reduction of banks' foreign exchange positions in line with the MEFP, paragraph 19.

6

06/30/2011

SB

Introduced at R1.

1

6

2011-06-30

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

26

7. Exchange systems and restrictions (current and capital)

Agree with Fund staff on a schedule for phasing out existing restrictions on the foreign exchange market (MEFP, paragraph 18).

1

10/31/2010

MD

N/A

1

2010-10-31

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

26

7. Exchange systems and restrictions (current and capital)

Establish a framework to develop the forward exchange market, including by allowing transactions between banks in line with the MEFP, paragraph 19.

2

06/30/2011

SB

Introduced at R1.

1

2

2011-06-30

N/A

652

UKRAINE

926

SBA

2010-07-28

2,010

2012-12-27

2,012

N/A

2010-12-22

P1

R1

L

SB

26

7. Exchange systems and restrictions (current and capital)

Amend the law "On surcharges for the purposes of mandatory state pension insurance" 400/97-BP to permanently eliminate the surcharge on non-cash purchase and sales of foreign currency (MEFP, paragraph 10).

3

12/31/2010

SB

N/A

1

3

2010-12-31

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

20

1. General government

To ensure de-politicization of tariff setting, Parliament will pass legislation to vest NURC with the exclusive authority to set heating tariffs in the country.

1

Program Prior Action

M

Completed 4/10/2014.

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

20.1

1.1. Revenue measures, excluding trade policy

Parliament will pass a reversal of the already introduced VAT rate reduction in 2015 and keep the rate at 20 percent.

1

Program Prior Action

M

Completed 3/27/2014.

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

20.1

1.1. Revenue measures, excluding trade policy

Parliament will pass an extension in the recently expired VAT exemption regime for grain exporters until October 1, 2014.

2

Program Prior Action

M

Completed 3/27/2014.

0

2

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Parliament will pass a new public procurement law to strengthen governance and checks and balances, including reducing exemptions from regular competitive procedures.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Government will approve a package of revenue and expenditure measures yielding at least UAH 45 billion in and implement them by passing a supplementary budget.

1

Program Prior Action

M

Completed 3/27/2014.

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

21.1

2.1. Central bank operations and reforms

The NBU will adopt a regulation specifying that the official exchange rate is calculated as a weighted average of rates on the same day’s interbank transactions.

1

Program Prior Action

M

Completed 3/31/2014.

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

The NBU Council will establish an independent audit committee with a well-defined mandate to provide close oversight of the financial reporting, audit processes and system of internal controls at the NBU.

1

Program Prior Action

M

Completed 4/4/2014.

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

To protect vulnerable households not covered by the existing scheme, Government will approve a decision to introduce a new social assistance scheme, as described in ¶23.

1

Program Prior Action

M

Completed 4/5/2014.

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

24.1

5.1. Public enterprise pricing and subsidies

We will ensure that: (i) the gas price regulator NERC will adopt and officially publish a decision to raise end-user gas tariffs for households by 56 percent, effective May 1, 2014; (ii) similarly the utility price regulator NURC will adopt decisions to raise the heating tariffs for households by 40 percent on average, effective July 1, 2014.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

24.1

5.1. Public enterprise pricing and subsidies

We will also publicly announce the decision and schedule for tariff increases through 2017, where the schedule will include the following: (i) in 2015, we will raise end-user gas and heating tariffs by 40 percent on average, effective May 1; and (ii) thereafter we will raise these tariffs by 20 percent on average each year, effective May 1, until losses of Naftogaz are eliminated by 2018.

2

Program Prior Action

M

Completed 4/18/2014.

0

2

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

The NBU will instruct the largest 35 banks to launch diagnostic studies on the basis of end-December 2013 data and terms of reference developed by the NBU.

1

Program Prior Action

M

Completed 4/14/2014.

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

The NBU will repeal Resolution 109 and announce a specific timetable, agreed with IMF staff, for gradually unwinding banks’ net open foreign exchange positions, beginning May 1, 2014 and concluding in 20 months.

2

Program Prior Action

M

Completed 4/4/2014.

0

2

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

SB

20

1. General government

The government should be prepared to manage its financial sector shareholdings in the event that it is called on to use public funds—and to this end, a specialized unit will be set up at the Finance Ministry.

1

09/30/2014

SB

Introduced at R0.

0

1

2014-09-30

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

After discussion within government and with the private sector, we will prepare a proposal for the reform of VAT in agriculture with a view to bringing the regime in this sector closer to the general VAT regime.

1

09/30/2014

SB

Introduced at R0.

0

1

2014-09-30

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

SB

20.3

1.3. Expenditure measures, including arrears clearance

To strengthen payment discipline for the heating sector, Parliament will pass legislation that will make distribution accounts fully operational and mandatory for utility payments.

1

06/30/2014

SB

Introduced at R0.

0

1

2014-06-30

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

To provide an accurate picture of Naftogaz finances, Naftogaz will launch a tender by April 3 to conduct audits of Naftogaz operations, led by an external auditor. The auditor will be in place within 60 days of the tender. The results of the audits will be shared with the IMF within 30 days of each period, initially on a monthly basis beginning with data for end-May 2014, and then on a quarterly basis for end-September data forward.

1

06/30/2014

SB

Introduced at R0. By 6/30/2014 and then monthly through October 2014; then quarterly.

0

1

2014-06-30

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

To provide an accurate picture of Naftogaz finances, Naftogaz will launch a tender by April 3 to conduct audits of Naftogaz operations, led by an external auditor. The auditor will be in place within 60 days of the tender. The results of the audits will be shared with the IMF within 30 days of each period, initially on a monthly basis beginning with data for end-May 2014, and then on a quarterly basis for end-September data forward.

1

Other

SB

Introduced at R0. By 6/30/2014 and then monthly through October 2014; then quarterly.

0

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete diagnostic studies and review of business plans for the 15 largest banks, as described in ¶15.

1

07/31/2014

SB

Introduced at R0.

0

1

2014-07-31

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

SB

25.2

6.2. Restructuring and privatization of financial institutions

If existing fit and proper shareholders are unwilling or incapable of recapitalizing in full a weak bank, public funds could be used to bring it back into solvency, according to strict criteria. Government and the NBU will reach agreement with IMF staff on these criteria.

1

05/31/2014

SB

Introduced at R0.

0

1

2014-05-31

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

N/A

2014-04-30

P1

R0

E

SB

30.4

11.4. Anti-corruption legislation/policy

Complete a comprehensive diagnostic study in close consultation with IMF staff that will cover the anti-corruption framework, the design and implementation of key laws and regulations that may have impact on business climate, the effectiveness of the judiciary, and tax administration, as described in ¶25.

1

07/15/2014

SB

Introduced at R0.

0

1

2014-07-15

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

20

1. General government

To ensure de-politicization of tariff setting, Parliament will pass legislation to vest NURC with the exclusive authority to set heating tariffs in the country.

1

Program Prior Action

M

Completed 4/10/2014.

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

20

1. General government

The government will take a formal decision to establish by end-August an authorized body accountable to the Cabinet of Ministers to coordinate the effort to simplify regulations (¶24).

2

First Review Prior action

M

N/A

1

2

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

20.1

1.1. Revenue measures, excluding trade policy

Parliament will pass a reversal of the already introduced VAT rate reduction in 2015 and keep the rate at 20 percent.

1

Program Prior Action

M

Completed 3/27/2014.

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

20.1

1.1. Revenue measures, excluding trade policy

Parliament will pass an extension in the recently expired VAT exemption regime for grain exporters until October 1, 2014.

2

Program Prior Action

M

Completed 3/27/2014.

1

2

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Parliament will pass a new public procurement law to strengthen governance and checks and balances, including reducing exemptions from regular competitive procedures.

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Government will approve a package of revenue and expenditure measures yielding at least UAH 45 billion in and implement them by passing a supplementary budget.

1

Program Prior Action

M

Completed 3/27/2014.

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Parliament will pass a supplementary budget, reflecting: (i) the new tax policy and expenditure measures (¶17) and (ii) the funds necessary to recapitalize Naftogaz (¶23).

2

First Review Prior action

M

N/A

1

2

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

21.1

2.1. Central bank operations and reforms

The NBU will adopt a regulation specifying that the official exchange rate is calculated as a weighted average of rates on the same day’s interbank transactions.

1

Program Prior Action

M

Completed 3/31/2014.

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

21.1

2.1. Central bank operations and reforms

The NBU will achieve a level of NIR of at least US$7.675 billion by accumulating at least US$200 million through market purchases (¶5).

2

First Review Prior action

M

N/A

1

2

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

The NBU Council will establish an independent audit committee with a well-defined mandate to provide close oversight of the financial reporting, audit processes and system of internal controls at the NBU.

1

Program Prior Action

M

Completed 4/4/2014.

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

To protect vulnerable households not covered by the existing scheme, Government will approve a decision to introduce a new social assistance scheme, as described in ¶23.

1

Program Prior Action

M

Completed 4/5/2014.

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

24.1

5.1. Public enterprise pricing and subsidies

We will ensure that: (i) the gas price regulator NERC will adopt and officially publish a decision to raise end-user gas tariffs for households by 56 percent, effective May 1, 2014; (ii) similarly the utility price regulator NURC will adopt decisions to raise the heating tariffs for households by 40 percent on average, effective July 1, 2014.

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

24.1

5.1. Public enterprise pricing and subsidies

We will also publicly announce the decision and schedule for tariff increases through 2017, where the schedule will include the following: (i) in 2015, we will raise end-user gas and heating tariffs by 40 percent on average, effective May 1; and (ii) thereafter we will raise these tariffs by 20 percent on average each year, effective May 1, until losses of Naftogaz are eliminated by 2018.

2

Program Prior Action

M

Completed 4/18/2014.

1

2

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

After the completion of Naftogaz’s recapitalization procedure, the company will deposit US$3.1 billion in a restricted account with the NBU (¶23).

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

The NBU will instruct the largest 35 banks to launch diagnostic studies on the basis of end-December 2013 data and terms of reference developed by the NBU.

1

Program Prior Action

M

Completed 4/14/2014.

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

The NBU will repeal Resolution 109 and announce a specific timetable, agreed with IMF staff, for gradually unwinding banks’ net open foreign exchange positions, beginning May 1, 2014 and concluding in 20 months.

2

Program Prior Action

M

Completed 4/4/2014.

1

2

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

20

1. General government

The government should be prepared to manage its financial sector shareholdings in the event that it is called on to use public funds—and to this end, a specialized unit will be set up at the Finance Ministry.

1

09/30/2014

SB

Introduced at R0. At R1, in progress.

1

2014-09-30

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

20.1

1.1. Revenue measures, excluding trade policy

After discussion within government and with the private sector, we will prepare a proposal for the reform of VAT in agriculture with a view to bringing the regime in this sector closer to the general VAT regime.

1

09/30/2014

SB

Introduced at R0. At R1, in progress.

1

2014-09-30

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

20.3

1.3. Expenditure measures, including arrears clearance

To strengthen payment discipline for the heating sector, Parliament will pass legislation that will make distribution accounts fully operational and mandatory for utility payments.

1

06/30/2014

M

Introduced at R0.

1

2014-06-30

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

To provide an accurate picture of Naftogaz finances, Naftogaz will launch a tender by April 3 to conduct audits of Naftogaz operations, led by an external auditor. The auditor will be in place within 60 days of the tender. The results of the audits will be shared with the IMF within 30 days of each period, initially on a monthly basis beginning with data for end-May 2014, and then on a quarterly basis for end-September data forward.

1

06/30/2014

MD

Introduced at R0. By 6/30/2014 and then monthly through October 2014; then quarterly. At R1, met with delay on July 8, 2014.

1

2014-06-30

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

To provide an accurate picture of Naftogaz finances, Naftogaz will launch a tender by April 3 to conduct audits of Naftogaz operations, led by an external auditor. The auditor will be in place within 60 days of the tender. The results of the audits will be shared with the IMF within 30 days of each period, initially on a monthly basis beginning with data for end-May 2014, and then on a quarterly basis for end-September data forward.

1

Other

SB

Introduced at R0. By 6/30/2014 and then monthly through October 2014; then quarterly.

1

2023-09-23

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

21.1

2.1. Central bank operations and reforms

The NBU will prepare draft legislative amendments to the NBU Law to strengthen the governance and autonomy framework of the NBU, in line with the recommendations of the safeguards assessment mission.

1

12/31/2014

SB

Introduced at R1.

1

2014-12-31

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Prepare a monthly collection plan for Naftogaz’s receivables for September 2014–December 2015, with targets by customer group.

1

08/31/2014

SB

Introduced at R1.

1

2014-08-31

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete diagnostic studies and review of business plans for the 15 largest banks, as described in ¶15.

1

07/31/2014

M

Introduced at R0.

1

2014-07-31

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Parliament will adopt a law to facilitate NPL resolution and help prevent new NPLs, as described in ¶14.

2

09/30/2014

SB

Introduced at R1.

1

2

2014-09-30

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit to Parliament amendments to the AML law and the criminal code that will introduce key elements of the FATF standard to support the government’s anti-corruption effort.

3

09/01/2014

SB

Introduced at R1.

1

3

2014-09-01

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Adopt amendments to the AML law and the criminal code that will introduce key elements of the FATF standard to support the government’s anti-corruption effort.

4

10/31/2014

SB

Introduced at R1.

1

4

2014-10-31

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

If existing fit and proper shareholders are unwilling or incapable of recapitalizing in full a weak bank, public funds could be used to bring it back into solvency, according to strict criteria. Government and the NBU will reach agreement with IMF staff on these criteria.

1

05/31/2014

MD

Introduced at R0. Met with delay on July 4, 2014.

1

2014-05-31

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

The government will adopt an action plan to eliminate, streamline, simplify and clarify the legislative and regulatory frameworks governing economic activity.

1

10/31/2014

SB

Introduced at R1.

1

2014-10-31

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

30.4

11.4. Anti-corruption legislation/policy

Complete a comprehensive diagnostic study in close consultation with IMF staff that will cover the anti-corruption framework, the design and implementation of key laws and regulations that may have impact on business climate, the effectiveness of the judiciary, and tax administration, as described in ¶25.

1

07/15/2014

M

Introduced at R0.

1

2014-07-15

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

30.4

11.4. Anti-corruption legislation/policy

Submit to Parliament draft law for the establishment of an independent anti-corruption agency with broad investigative powers.

2

09/01/2014

SB

Introduced at R1.

1

2

2014-09-01

N/A

711

UKRAINE

926

SBA

2014-04-30

2,014

2016-04-29

2,016

2015-03-11

N/A

2014-08-29

P1

R1

L

SB

30.4

11.4. Anti-corruption legislation/policy

Adopt enabling legislation for the establishment of an independent anti-corruption agency with broad investigative powers.

3

10/31/2014

SB

Introduced at R1.

1

3

2014-10-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

N/A

2015-03-11

P1

R0

E

PA

20.5

1.5. Debt Management

Government will hire financial and legal advisors to facilitate consultations with holders of public sector debt with a view to improving medium-term debt sustainability (MEFP ¶26).

1

Program Prior Action

M

Done Feb. 11, 2015

0

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

N/A

2015-03-11

P1

R0

E

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Parliament will approve a 2015 supplementary state budget law and a package of tax and expenditure legislation consistent with the program deficit ceiling of UAH 78 billion for the general government, containing the elements described in MEFP ¶23.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

N/A

2015-03-11

P1

R0

E

PA

24.1

5.1. Public enterprise pricing and subsidies

The energy regulator will adopt and officially publish a decision to raise household gas prices to UAH 3600/tcm for consumption in Tier 1 and UAH 7187/tcm for consumption in Tier 2, effective April 1, 2015 (MEFP ¶28).

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

N/A

2015-03-11

P1

R0

E

PA

24.1

5.1. Public enterprise pricing and subsidies

The energy regulator will adopt and officially publish a decision to raise household heating prices to UAH 625/gcal on average, effective April 1, 2015 (MEFP ¶28).

2

Program Prior Action

M

N/A

0

2

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

N/A

2015-03-11

P1

R0

E

PA

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

The Cabinet will submit to Parliament legislative amendments to improve Naftogaz collections. These amendments should include (i) lifting two longlasting moratoria (Law 2711-IV/2005 and Law 2864-III/2001) that protect energy and other companies from enforcement proceedings; and (ii) disconnecting noncompliant customers from the gas supply grid (MEFP ¶28).

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

N/A

2015-03-11

P1

R0

E

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Parliament will approve legislation that introduces unlimited liability of bank owners on losses arising from loans granted directly or indirectly to the benefit of bank shareholders holding 10 percent or more of total voting shares as of end-2014 (MEFP ¶13).

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

N/A

2015-03-11

P1

R0

E

PA

30.4

11.4. Anti-corruption legislation/policy

Parliament will approve legal amendments to ensure that the NAB is subject to a robust external oversight process, can investigate former Presidents, can access all relevant information for its investigations, and that appropriate mechanisms are in place to ensure hiring of staff with high integrity (MEFP ¶32).

1

Program Prior Action

M

Done. Feb. 25, 2015.

0

1

2023-09-23

N/A