TohidA/MONA · Datasets at Hugging Face

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

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.

2

Program Prior Action

M

N/A

3

2

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

21.1

2.1. Central bank operations and reforms

Parliamentary passage of Laws 2742 and 2743 to strengthen the governance and autonomy framework of the NBU as agreed with IMF staff and also ensure that the law provides that an appeal before the judicial branch by borrowers classified by the NBU as related parties to a bank does not halt the bank’s unwinding of excess lending to insiders (July MEFP ¶¶8, 14).

1

First Review Prior action

M

N/A

3

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

22

3. Civil service and public employment reforms, and wages

Adopt a Cabinet of Ministers decree reducing the lists 1 and 2 of occupations eligible for early retirement by at least 40 percent in terms of eligible persons (¶29a).

1

Second Review Prior action

M

N/A

3

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

24.1

5.1. Public enterprise pricing and subsidies

Adoption and publication of a Cabinet of Ministers decision to unify and increase the retail gas tariffs at a level consistent with 100 percent of cost recovery based on import parity, effective May 1, 2016 (as described in ¶33a).

1

Second Review Prior action

M

N/A

3

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

24.1

5.1. Public enterprise pricing and subsidies

Adoption and publication of necessary decisions to increase retail heating tariffs to 100 percent of the level consistent with gas priced at full import parity effective July 1, 2016 (as described in ¶33a).

2

Second Review Prior action

M

N/A

3

2

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

24.1

5.1. Public enterprise pricing and subsidies

Revise the Public Service Obligations (CMU Resolution 758) to introduce an interim mechanism to automatically adjust gas and heating tariffs on a semi-annual basis if tariffs deviate from full cost-recovery levels (based on import parity as defined in the TMU) by 10 percent or more (as specified in in ¶24a).

3

Third Review Prior action

M

The SB is "Revise the Public Service Obligations (CMU Resolution 758) to introduce an interim mechanism to adjust gas and heating tariffs on a quarterly basis if tariffs deviate from full cost-recovery levels (based on import parity as defined in the TMU) by 10 percent or more (September 2016 MEFP ¶33a). "

3

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

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).

4

Program Prior Action

M

N/A

3

4

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

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).

5

Program Prior Action

M

N/A

3

5

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

24.2

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

Parliamentary passage of Law 2956, lifting the 2001 moratorium on enforcement proceedings for companies with at least 25 percent state ownership that are debtors to Naftogaz and its daughter companies (July MEFP ¶25).

1

First Review Prior action

M

N/A

3

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

24.2

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

Parliament will approve legislative amendments to improve Naftogaz collections. These amendments should include (i) lifting two long-lasting 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 (February MEFP ¶28).

2

First Review Prior action

M

N/A

3

2

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

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).

3

Program Prior Action

M

N/A

3

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Resolution of all large banks that do not meet the minimum capital requirements (as specified in ¶8).

1

Third Review Prior action

M

N/A

3

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

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).

2

Program Prior Action

M

N/A

3

2

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

30.4

11.4. Anti-corruption legislation/policy

Enforce the filing of asset declarations for 2015 by high-level officials in accordance with the law on prevention of corruption, report cases of non-filers to NABU, and make publicly available the submitted declarations (as specified in ¶26a).

1

Third Review Prior action

M

The SB is "Ensure all high-level officials filed their assets and income declarations, as defined under Article 46 of law 2014/49 for the calendar year 2015 and their full disclosures freely available to the public on a single website shortly after submission (September 2016 MEFP ¶36c). "

3

1

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

PA

30.4

11.4. Anti-corruption legislation/policy

Appointment of the Head Anticorruption Prosecutor and his/her two deputies (¶35e).

2

Second Review Prior action

M

N/A

3

2

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

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).

3

Program Prior Action

M

Done. Feb. 25, 2015.

3

2023-09-23

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Government will prepare a revenue administration reform plan in order to overhaul the state fiscal service. The plan will include measures to implement governance and institutional reforms that clarify the tax agency’s reporting to the Minister of Finance; and remove large numbers of underperforming officials as described in ¶25.

1

4/30/2015

MD

Introduced at R0. At R1, met with delay, June 26, 2015.

3

1

2015-04-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

The State Fiscal Service will transfer all taxpayers meeting large taxpayer criteria to the LTO (¶22).

2

12/31/2015

M

Introduced at R0. met at R2

3

2

2015-12-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

The State Fiscal Service will implement its new arrangements as specified under the revenue administration reform plan (¶25).

3

12/31/2015

M

Introduced at R0. met at R2.

3

2015-12-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Adopt legislation to merge the customs and tax administration into a single legal entity (¶27a).

4

12/31/2016

MOD-DATE

New SB at R2. Reset a new test date at R3.

3

4

2016-12-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Adopt legislation to merge the customs and tax administration into a single legal entity (¶27a).

4

3/31/2017

SB

Reset at R3.

3

4

2017-03-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Parliamentary approval of legislation to establish a new civil service responsible for investigation of financial offences under the MoF to replace the current tax police and to consolidate responsibilities of fighting financial offenses against the State into a single agency, while avoiding duplication of functions (as specified in ¶20e).

5

4/30/2017

SB

Introduced at R3.

3

5

2017-04-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

20.3

1.3. Expenditure measures, including arrears clearance

Revise parameters of the household utility subsidies (HUS) system to improve targeting; introduce an adjustment to the social norm for offpeak heating months; and apply a capacity-based distribution tariff for gas and heat that would shift some of the costs to the summer, all effective May 1, 2017, thereby limiting household utility subsidy outlays to UAH 47 billion in 2017 (as specified in ¶23).

1

7/31/2017

SB

Introduced at R3.

3

1

2017-07-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

20.3

1.3. Expenditure measures, including arrears clearance

Establish a centralized database in the MoF of recipients of social assistance (as specified in ¶21d).

3

12/31/2017

SB

Introduced at R3.

3

2017-12-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

The Ministry of Economy in cooperation with the Ministry of Finance will prepare a statement of fiscal risks emanating from SOEs as described in ¶36.

1

4/30/2015

MD

Introduced at R0. At R1, met with delay, May 29, 2015.

3

1

2015-04-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

21.1

2.1. Central bank operations and reforms

Parliament will approve amendments to the NBU Law to strengthen the governance and autonomy framework of the NBU (¶9).

1

04/30/2015

MOD-PA

Introduced at R0. At R1, made a prior action for completion of R1.

3

1

2015-04-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

23.1

4.1. Pension reforms

Parliamentary approval of legislation to: (i) gradually adjust the statutory retirement age and further reduce the scope for early retirement; (ii) tighten the eligibility criteria for the minimum pension; (iii) consolidate pension legislation, which is now spread across about two dozen laws, and ensure a single principle for providing pensions without privileges for any occupation (with the exception of the military); (iv) expand the base for social security contributions; (v) ensure equitable tax treatment of pensions; and (vi) better link benefits to contributions, also to encourage the declaration of actual incomes. In addition, we will separate various categorical pension supplements from the labor pensions, bring their financing from the pension fund to the state budget and improve their targeting starting from 2017 (¶29a).

2

12/31/2016

MOD-DATE

New SB at R2. Reset a new test date at R3.

3

2

2016-12-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

23.1

4.1. Pension reforms

Parliamentary approval of legislation to: (i) gradually adjust the statutory retirement age and further reduce the scope for early retirement; (ii) tighten the eligibility criteria for the minimum pension; (iii) consolidate pension legislation, which is now spread across about two dozen laws, and ensure a single principle for providing pensions without privileges for any occupation (with the exception of the military); (iv) expand the base for social security contributions; (v) ensure equitable tax treatment of pensions; and (vi) better link benefits to contributions, also to encourage the declaration of actual incomes. In addition, we will separate various categorical pension supplements from the labor pensions, bring their financing from the pension fund to the state budget and improve their targeting starting from 2017 (¶29a).

2

4/30/2017

SB

Reset at R3.

3

2

2017-04-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

23.1

4.1. Pension reforms

Parliamentary approval of pension legislation (as specified in ¶21a).

3

4/30/2017

SB

Introduced at R3.

3

2017-04-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

23.1

4.1. Pension reforms

Parliamentary passage of pension reform legislation, as agreed with IMF staff that revises the parameters of the pay-as-you-go system to make it more sustainable, abolishes special pensions, and lays the conditions for the adoption of a funded system that would complement the pay-as-you-go system (July MEFP ¶24).

4

12/31/2015

MOD-DATE

Introduced at R1. not met at R2, new test date added.

3

4

2015-12-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

23.1

4.1. Pension reforms

Parliamentary passage of pension reform legislation, as agreed with IMF staff that revises the parameters of the pay-as-you-go system to make it more sustainable, abolishes special pensions, and lays the conditions for the adoption of a funded system that would complement the pay-as-you-go system (July MEFP ¶24).

4

12/31/2016

SB

New date added at R2.

3

4

2016-12-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

23.2

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

Reform utility-related social assistance by (i) reducing the scope of energy privilege programs to cover only households that remain exempt from income testing according to Law 76-VIII/2014; (ii) converging the associated benefits to the levels in the HUS program; and (iii) revising the benefit formula of the expanded HUS program in consultation with IMF staff to channel benefits to vulnerable households and provide incentives for energy efficiency. The overall fiscal envelope for all energy-related social assistance programs (privileges and HUS) will be set at UAH 43 billion (July MEFP ¶24).

1

05/31/2016

MOD-DATE

Introduced at R1. Not met at R2.

3

1

2016-05-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

23.2

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

Reform utility-related social assistance by (i) reducing the scope of energy privilege programs to cover only households that remain exempt from income testing according to Law 76-VIII/2014; (ii) converging the associated benefits to the levels in the HUS program; and (iii) revising the benefit formula of the expanded HUS program in consultation with IMF staff to channel benefits to vulnerable households and provide incentives for energy efficiency. The overall fiscal envelope for all energy-related social assistance programs (privileges and HUS) will be set at UAH 43 billion (July MEFP ¶24).

1

09/30/2016

SB

NM at R2, new test date added.

3

1

2016-09-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

23.2

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

Adjust the parameters of the utility-related social assistance programs, including the HUS benefits formula, to ensure that benefits remain within the allocated fiscal envelope (¶31a).

2

09/30/2016

MOD-PA

New SB at R2. Modified to be a PA at R3.

3

2

2016-09-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.1

5.1. Public enterprise pricing and subsidies

Parliament will approve a new gas market law (¶28).

1

4/30/2015

M

Introduced at R0.

3

1

2015-04-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.1

5.1. Public enterprise pricing and subsidies

Revise the Public Service Obligations (CMU Resolution 758) to introduce an interim mechanism to adjust gas and heating tariffs on a quarterly basis if tariffs deviate from full cost-recovery levels (based on import parity as defined in the TMU) by 10 percent or more (as described in ¶33a).

2

10/31/2016

MOD-PA

New SB at R2. Modified to be a PA at R3.

3

2

2016-10-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.1

5.1. Public enterprise pricing and subsidies

Adopt CMU resolution to monetize utility subsidies at the level of utility companies (as specified in ¶24b).

3

8/31/2017

SB

Introduced at R3.

3

2017-08-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.2

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

The government will adopt a broad-based strategy (prepared in consultation with the IMF and the World Bank staff) to reform the SOE sector as described in ¶36, including measures needed to improve budgetary oversight, develop a comprehensive ownership policy, strengthen corporate governance, prioritize which enterprises should be made subject to restructuring, and examine options for improving management of other state assets.

1

5/31/2015

M

Introduced at R0.

3

1

2015-05-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.2

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

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

2

03/31/2015

MOD-PA

Introduced at R0. At R1, made into a prior action for completion of R1.

3

2

2015-03-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.2

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

Undertake an independent audit of all Naftogaz receivables (¶28).

3

6/30/2015

M

Introduced at R0.

3

2015-06-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.2

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

Adoption by a cabinet resolution of the privatization action plan for five large SOEs from the priority privatization list (July MEFP ¶30).

4

9/30/2015

M

Introduced at R1. Met at R2.

3

4

2015-09-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.2

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

Agreement on detailed restructuring action plans, prepared in consultation with IMF staff, for five SOEs with the largest fiscal risks, between the respective line ministry, Ministry of Economy and the Ministry of Finance (July MEFP ¶30).

5

1/31/2016

M

Introduced at R1. met at R2.

3

5

2016-01-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.2

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

Cabinet of Ministers approval and publication in the MEDT website of the completed triage of all SOEs, dividing them into companies to (i) remain under management of the State (including SOEs that are located in territories currently not under the control of the government); (ii) privatize; or (iii) liquidate; and transfer to the SPFU those SOEs incorporated in the privatization plan for 2016 (¶39c).

6

10/31/2016

MOD-DATE

New SB at R2. Reset a new test date at R3.

3

6

2016-10-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.2

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

Cabinet of Ministers approval and publication in the MEDT website of the completed triage of all SOEs, dividing them into companies to (i) remain under management of the State (including SOEs that are located in territories currently not under the control of the government); (ii) privatize; or (iii) liquidate; and transfer to the SPFU those SOEs incorporated in the privatization plan for 2016 (¶39c).

6

8/31/2017

SB

Reset at R3.

3

6

2017-08-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.2

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

Parliamentary approval of amendments to the privatization law to improve transparency and safeguards, and to further streamline the privatization process (¶39e).

7

12/31/2016

MOD-DATE

New SB at R2. Reset a new test date at R3.

3

7

2016-12-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

24.2

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

Parliamentary approval of amendments to the privatization law to improve transparency and safeguards, and to further streamline the privatization process (¶39e).

7

8/31/2017

SB

Reset at R3.

3

7

2017-08-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

NBU will notify banks of any identified discrepancies in the related party exposure reports based on steps (i) and (ii) as described in ¶13.

1

7/31/2015

M

Introduced at R0. Met at R2

3

1

2015-07-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Selection of an international reputable firm on the basis of a transparent process, that negotiates the restructuring and collection terms of PrivatBank’s impaired loans, on the basis of international best practices; and selection of a reputable international audit firm to conduct for the next two years a semi-annual independent loan review of PrivatBank’s loan portfolio (in accordance with the legal and NBU regulatory framework), with the aim of properly monitoring asset value recovery (as specified in ¶8iv).

1

4/30/2017

SB

Introduced at R3.

3

1

2017-04-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30

11. Other structural measures

Parliament will approve a law on a selective increase of court fees, aiming to double court fee revenue in real terms within 12 months (¶35).

1

5/31/2015

M

Introduced at R0.

3

1

2015-05-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30

11. Other structural measures

Parliamentary approval of a law on agricultural land circulation allowing for the current moratorium on the sale of agricultural land to expire by the end of 2017, thus allowing for the sale of state-owned and private land to start immediately thereafter (as specified in ¶27b).

2

5/30/2017

SB

Introduced at R3.

3

2

2017-05-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.1

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

Parliament will approve a law which strengthens the provisions in the Code of Civil Procedure on Order for Payment for domestic transactions and on garnishment of bank accounts (¶35).

1

08/31/2015

MOD-DATE

Introduced at R0. At R1, new test date of end-December 2015.

3

1

2015-08-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.1

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

Parliament will approve a law which strengthens the provisions in the Code of Civil Procedure on Order for Payment for domestic transactions and on garnishment of bank accounts (¶35).

1

12/31/2015

MOD-DATE

A R1, new test date. Not met at R2, new test data added.

3

1

2015-12-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.1

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

Parliament will approve a law which strengthens the provisions in the Code of Civil Procedure on Order for Payment for domestic transactions and on garnishment of bank accounts (¶35).

1

09/30/2016

MOD-DATE

new test date added at R2. Reset a new test date at R3.

3

1

2016-09-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.1

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

Parliament will approve a law which strengthens the provisions in the Code of Civil Procedure on Order for Payment for domestic transactions and on garnishment of bank accounts (¶35).

1

09/30/2017

SB

Reset at R3.

3

1

2017-09-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.1

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

Parliament will approve amendments to legislation as described in MEFP ¶17, consistent with IMF staff advice, to strengthen the corporate insolvency and credit enforcement regimes, and to remove tax impediments (July MEFP ¶17).

2

03/31/2016

MOD-DATE

Introduced at R1. Not met at R2.

3

2

2016-03-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.1

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

Parliament will approve amendments to legislation as described in MEFP ¶17, consistent with IMF staff advice, to strengthen the corporate insolvency and credit enforcement regimes, and to remove tax impediments (July MEFP ¶17).

2

09/30/2016

MOD-DATE

new test date added at R2. Reset a new test date at R3.

3

2

2016-09-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.1

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

Parliament will approve amendments to legislation as described in MEFP ¶17, consistent with IMF staff advice, to strengthen the corporate insolvency and credit enforcement regimes, and to remove tax impediments (July MEFP ¶17).

2

9/30/2017

SB

Reset at R3.

3

2

2017-09-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Submit law on agricultural land circulation to parliament (¶38d).

1

09/30/2016

MOD-DATE

New SB at R2. Reset a new test date at R3.

3

1

2016-09-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Submit law on agricultural land circulation to parliament (¶38d).

1

5/31/2017

SB

Reset at R3.

3

1

2017-05-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.4

11.4. Anti-corruption legislation/policy

Take necessary measures to establish the National Anti-corruption Bureau (¶32).

1

4/30/2015

MD

Introduced at R0. At R1, met with delay, May 7, 2015.

3

1

2015-04-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.4

11.4. Anti-corruption legislation/policy

Strengthen the implementation of the AML framework to prevent the misuse of the financial sector to launder the proceeds of corruption. This includes: (i) regulatory amendments to ensure proper implementation of the legal requirements related to domestic politically exposed persons (PEPs); (ii) the Financial Intelligence Unit (FIU) will develop a system to assist financial institutions in identifying domestic PEPs; and (iii) proper arrangements will be put in place to facilitate cooperation between the NBU, FIU and NAB (¶32).

2

6/30/2015

MD

Introduced at R0. At R1, met with delay, July 20, 2015.

3

2

2015-06-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.4

11.4. Anti-corruption legislation/policy

Undertake measures to make the National Anti-Corruption Bureau operational, including with regard to its prosecutorial function (July MEFP ¶29).

3

1/31/2016

M

Introduced at R1. met at R2.

3

2016-01-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.4

11.4. Anti-corruption legislation/policy

Establish a specialized anticorruption prosecution function in charge of overseeing NAB’s investigations, in accordance with the Law on the Prosecutor’s Office, and enable NAB timely access to relevant information from other public institutions (July MEFP ¶29).

4

9/30/2015

NM

Introduced at R1. Not met at R2.

3

4

2015-09-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.4

11.4. Anti-corruption legislation/policy

Parliamentary approval of legislation ensuring that the NABU has: (i) the use of a wide range of investigative techniques, including undercover operations, intercepting communications, accessing computer systems and controlled delivery, without having to rely on other agencies’ infrastructure; and that (ii) the registration of pre-court cases and of investigative judges’ rulings pertaining to NABU should be protected from leakage of information related to ongoing investigations, by restricting access to the information to NABU and SAPO officers until the investigation of the case is completed, or the case is closed (¶36a).

5

11/30/2016

MOD-DATE

New SB at R2. Reset a new test date at R3.

3

5

2016-11-30

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.4

11.4. Anti-corruption legislation/policy

Parliamentary approval of legislation ensuring that the NABU has: (i) the use of a wide range of investigative techniques, including undercover operations, intercepting communications, accessing computer systems and controlled delivery, without having to rely on other agencies’ infrastructure; and that (ii) the registration of pre-court cases and of investigative judges’ rulings pertaining to NABU should be protected from leakage of information related to ongoing investigations, by restricting access to the information to NABU and SAPO officers until the investigation of the case is completed, or the case is closed (¶36a).

5

5/31/2017

SB

Reset at R3.

3

5

2017-05-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.4

11.4. Anti-corruption legislation/policy

Ensure all high-level officials filed their assets and income declarations, as defined under Article 46 of law 2014/49 for the calendar year 2015 and their full disclosures freely available to the public on a single website shortly after submission (¶36c).

6

10/31/2016

MOD-PA

New SB at R2. Became a PA at R3.

3

6

2016-10-31

N/A

724

UKRAINE

926

EFF

2015-03-11

2,015

2019-03-10

2,019

2018-12-17

N/A

2017-04-03

P1

R3

L

SB

30.4

11.4. Anti-corruption legislation/policy

Parliamentary approval of legislation to establish an anticorruption court (as specified in ¶26c).

7

6/15/2017

SB

Introduced at R3.

3

7

2017-06-15

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

PA

20.8

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

Parliamentary approval and enactment of the 2019 and supporting tax legislation consistent with the program target of 2.3 percent of GDP

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

PA

24.1

5.1. Public enterprise pricing and subsidies

(i) Raising the wholesale price for gas supplied to households and district heating companies to UAH 6,236 per thousand cubic meters (excluding transmission and distribution tariffs, supplier’s mark-up and VAT), effective November 1, 2018; (ii) revision of the automatic gas price adjustment mechanism to ensure that the wholesale price for gas supplied to households and for heating will be adjusted automatically effective May 1, 2019 to 80 percent of the base market price as defined in CMU Resolution 867; and (iii) and approval and publication by the National Energy and Utilities Regulatory Commission (NEURC) of increases in the heating tariffs, effective January 1, 2019, to fully reflect the increase in the wholesale gas price, of all the heating companies licensed by NEURC (as specified in ¶8a).

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Enactment of the law on State-Owned bank Corporate Governance (law #2491)

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

SB

20.2

1.2. Revenue administration, including customs

Consolidate the current central and regional units of the State Fiscal Service (SFS) into two separate legal entities: the Tax Service and the Customs Service by end-April 2019, which will both report to the Minister of Finance (as specified in ¶7a).

1

04/30/2019

SB

N/A

0

1

2019-04-30

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

SB

21.1

2.1. Central bank operations and reforms

Adoption by the NBU of revisions to its capital regulations to subtract loan exposures to related parties above regulatory limits from regulatory capital (as specified in ¶10b).

1

12/31/2018

SB

N/A

0

1

2018-12-31

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

SB

24.1

5.1. Public enterprise pricing and subsidies

Raising heating tariffs, effective January 1, 2019, to reflect the higher wholesale gas price, of all remaining heating companies with an output of up to the NEURC-set threshold for volumes of annual production and supply of heating energy—thus together covering at least 95 percent of the total centralized heating supply (as specified in ¶8a).

1

12/31/2018

SB

N/A

0

1

2018-12-31

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Parliamentary approval of the law revisiting the supervisory responsibility for a variety of financial intermediaries (“split” law; #2413a) (as specified in ¶14a).

1

03/31/2019

SB

N/A

0

1

2019-03-31

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

The NBU to take appropriate supervisory actions against banks that fail to comply with capital requirements (as specified in ¶10a).

2

06/30/2019

SB

N/A

0

2

2019-06-30

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

SB

25.2

6.2. Restructuring and privatization of financial institutions

Publication of first report summarizing progress in asset recovery and litigation efforts related to the four state-owned banks (as specified in ¶11).

1

03/31/2019

SB

N/A

0

1

2019-03-31

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

SB

30.4

11.4. Anti-corruption legislation/policy

Following nomination by the High Council of Justice, at least thirty-five anti-corruption judges with impeccable reputation and relevant professional skills will be appointed to the HACC in line with law 2018/2447, and with rules of procedures guaranteeing the objectivity and transparency of the process (as specified in ¶15a).

1

04/30/2019

SB

N/A

0

1

2019-04-30

N/A

776

UKRAINE

926

SBA

2018-12-18

2,018

2020-02-17

2,020

2020-06-09

N/A

2018-12-18

P1

R0

EL

SB

30.4

11.4. Anti-corruption legislation/policy

Complete an external audit of the NABU, conducted by a panel of respected experts with international experience selected in accordance with the requirements set out in the NABU Law (#1698-VII) (as specified in ¶15b).

2

07/31/2019

SB

N/A

0

2

2019-07-31

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

PA

20.1

1.1. Revenue measures, excluding trade policy

Amend the customs and tax codes, and other laws as needed, to eliminate the regional tax and customs offices as independent legal entities (¶8b).

1

Program Prior Action

M

Was SB in previous SBA.

0

1

2023-09-23

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

PA

24.1

5.1. Public enterprise pricing and subsidies

Eliminate the cap on household heating tariffs (¶27b)

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Adoption by the FSC of a contingency plan to mitigate potential risks posed to financial stability and public finances by adverse court rulings against past resolution decisions that is: (a) legally sound; (b) operationally feasible; (c) safeguards financial stability; (iv) minimizes fiscal costs; and (v) minimizes moral hazard risks (¶23).

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Enact a legislative package that amended the Banking Law, the DGF Law, the Code of Administrative Justice, and other procedural codes to improve the early intervention and bank resolution frameworks as defined in ¶22.

2

Program Prior Action

M

N/A

0

2

2023-09-23

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

PA

30.1

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

Enact legislation to re-criminalize illicit enrichment consistent with international standards and Ukraine’s Constitution (¶25a).

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

PA

30.4

11.4. Anti-corruption legislation/policy

Adopt amendments to the AML law consistent with FATF standards and as defined in ¶25f.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Develop new organizational structures and frameworks for the STS and SCS for the delegation of authorities and accountabilities in both organizations as single legal entities (¶8b).

1

09/30/2020

SB

N/A

0

1

2020-09-30

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

The STS and SCS to operate nationally as two single legal entities both comprising of functionally organized headquarters and field offices and the regional and other legal entities of the STS, SCS and SFS have ceased to exist (¶8b).

2

01/01/2021

SB

N/A

0

2

2021-01-01

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Complete a compliance audit by the State Audit Service of Ukraine, in consultation with external/third party auditors, of COVID-related spending, as defined in ¶2e.

1

03/31/2021

SB

N/A

0

1

2021-03-31

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

SB

24.1

5.1. Public enterprise pricing and subsidies

Ensure that all heating tariffs under the jurisdiction of both NEURC and local authorities are reviewed and officially enacted to fully reflect gas and non-gas costs (including capex), , and adopt a simplified procedure for households to switch gas supplier, in line with ¶27 b and d.

1

08/31/2020

SB

N/A

0

1

2020-08-31

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

SB

24.2

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

Strengthen corporate governance in SOEs, including by adopting a new corporate charter for Naftogaz, to bring it in line with the OECD’s recommendations for corporate governance and other applicable legislation, including the law “On Joint Stock Companies (¶29b).

1

09/30/2020

SB

N/A

0

1

2020-09-30

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

The state-owned banks’ NPL reduction plans to be formally endorsed by the shareholder and approved by the Financial Stability Council (FSC) and the NBU (¶18).

1

06/30/2020

SB

N/A

0

1

2020-06-30

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Enact amendments to the Banking Law, prepared in coordination with the IMF and World Bank staff: (i) to address the gaps vis-à-vis sound corporate governance practices against the 2015 Basel’s Guidelines for Corporate Governance for banks (including the collective suitability of the supervisory board); (ii) to introduce a new capital structure (with appropriate implementation schedule) and capital buffers, (iii) to grant the NBU legal powers to calibrate capital and liquidity requirements based on the bank’s risk profile: and (iv) to strengthen the licensing and shareholder requirements (¶21)

2

11/30/2020

SB

N/A

0

2

2020-11-30

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Enact amendments to the DGF and other laws to improve the bank liquidation mechanism, and the recovery of assets (¶19a).

3

10/31/2020

SB

N/A

0

3

2020-10-31

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

N/A

2020-06-09

P1

R0

E

SB

30.1

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

Enact amendments to the Law on the High Council of Justice (HCJ) to enhance its selection process ensuring that its members have impeccable reputation and integrity, as defined in ¶26a.

1

10/31/2020

SB

N/A

0

1

2020-10-31

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

2022-03-09

N/A

2020-06-09

P1

R1

L

PA

20.1

1.1. Revenue measures, excluding trade policy

Amend the customs and tax codes, and other laws as needed, to eliminate the regional tax and customs offices as independent legal entities (¶8b).

1

Program Prior Action

M

Was SB in previous SBA.

1

2023-09-23

N/A

PA_20.10_1

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

2022-03-09

N/A

2020-06-09

P1

R1

L

PA

21.1

2.1. Central bank operations and reforms

Enact amendments to the NBU Law that strengthen autonomy and governance of the NBU (¶11)

1

First Review Prior action

PA

Added in R1

1

2023-09-23

N/A

PA_21.10_1

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

2022-03-09

N/A

2020-06-09

P1

R1

L

PA

24.1

5.1. Public enterprise pricing and subsidies

Eliminate the cap on household heating tariffs (¶27b)

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

PA_24.10_1

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

2022-03-09

N/A

2020-06-09

P1

R1

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Adoption by the FSC of a contingency plan to mitigate potential risks posed to financial stability and public finances by adverse court rulings against past resolution decisions that is: (a) legally sound; (b) operationally feasible; (c) safeguards financial stability; (iv) minimizes fiscal costs; and (v) minimizes moral hazard risks (¶23).

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

PA_25.10_1

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

2022-03-09

N/A

2020-06-09

P1

R1

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Enact a legislative package that amended the Banking Law, the DGF Law, the Code of Administrative Justice, and other procedural codes to improve the early intervention and bank resolution frameworks as defined in ¶22.

2

Program Prior Action

M

N/A

1

2

2023-09-23

N/A

PA_25.10_2

N/A

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

2022-03-09

N/A

2020-06-09

P1

R1

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Enact amendments to the Banking Law to improve banks’ corporate governance framework, capital structure, and shareholder and licensing requirements, and grant the NBU legal powers to calibrate capital and liquidity requirements (¶17.a)

3

First Review Prior action

M

Added in R1, was SB

1

3

2023-09-23

N/A

PA_25.10_3

SB_25.10_2

799

UKRAINE

926

SBA

2020-06-09

2,020

2021-12-08

2,021

2022-03-09

N/A

2020-06-09

P1

R1

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Enact amendments to the DGF Law to improve bank liquidation mechanisms and strengthened the DGF’s asset recovery powers (¶17.b)

4

First Review Prior action

M

Added in R1, was SB

1

4

2023-09-23

N/A

PA_25.10_4

SB_25.10_3