Monday, August 22 2016 18:00 EEST
Ukrainian Finance Minister: IMF tranche depents on the launch of e-declaration and fight against corruption
Ukraine, IMF, International Monetary Fund, tranche, August, third tranche, Extended Fund Facility, program, economy, money, e-declaration, not included, corruption, measures

Ukrainian Finance Minister Oleksandr Danylyuk has said problems with the launch of the electronic declaration of civil servants' income in Ukraine pose a threat to the disbursement of the third tranche of the International Monetary Fund (IMF) loan to Ukraine.

'We are working with our international partners, but not on formal grounds, which means real qualitative change rather than doubtful half measures. The electronic assets declaration system is a key element in the fight against corruption. It needs to function fully. The disbursement of the third IMF tranche is under threat without this,' Danylyuk told in an interview, Unian reports.

Further, without the IMF, Ukraine will also be unable to get a US$1 billion loan guarantee from the United States, a EUR 1.2 billion from the EU macro-financial support and loans for the purchase of gas from its European partners.

According to Danylyuk, the e-declaration system must begin operations in full capacity from September 1.

'Now we need to join hands and launch the complete e-declaration system as quickly as possible. If the system is 100% functional from September 1 and there are no problems, we can expect the disbursement as early as in September,' he said.

As reported earlier by, IMF has not included the issue of allocation of funds for Ukraine into their agenda of meetings in August.

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