Ukrainian Ministers to Discuss Gas Pricing with the IMF

Several options would be proposed for consideration

uatv
14.05.2018

Photo from Ukrinform–UATV

 

Ukraine is continuing to find common approaches with the International Monetary Fund (IMF) to establish criteria for gas pricing.

This was stated by Minister Oleksandr Saienko, who is responsible for the implementation of priority reforms.

“We have a consensus with the IMF that we are talking about the formula itself without changing the principles. Representatives of the IMF and the National Bank of Ukraine went to Washington to hold relevant talks. I think we have enough chances to find a common approach to establish criteria for gas pricing. The range of gas tariff changes would depend upon the agreed formula,” Saienko said.

He added that several options would be proposed for consideration, but most importantly, the formula should be fair.

“The issue of the creation of the anti-corruption court is now on the forefront. If this issue is resolved succesfully, the position of the IMF, as we expect, will be more flexible. We have a mutual understanding of the general principles of cooperation. I believe that good policies and observance of state interests may eventually turn Ukraine to a gas exporter,” Saienko added.

On May 1, Ukraine transferred $80.7 million of regular payments to the IMF. This year, the national bank and the government have to pay about $7.4 billion in state debt, including under commitments to the international organization.

Source UATV
date 14.05.2018
categories Economics
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