IMF Postpones Implementation Deadlines for Four Structural Beacons for Ukraine – Getmantsev

The Chairman of the Verkhovna Rada Committee on Finance, Taxes and Customs, Danylo Getmantsev, reported this on Telegram.

“During the latest EFF review, the Memorandum on Economic and Financial Indicators underwent significant changes. The deadlines for four active beacons were changed, which indicates a slowdown in the implementation of the EFF and the progress of reforms,” Getmantsev emphasized.

In particular, the appointment of a new head of the Bureau of Economic Security was postponed from the end of February to the end of July 2025, and the introduction of the bill on the risk of critical third parties in the financial sector was postponed from May to September 2025.

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Amendments to the Criminal Procedure Code aimed at strengthening the fight against corruption, including in the context of the cancellation of the so-called “Loza amendments” (establishing the terms of pre-trial investigation – ed.), have also been postponed – from December 2024 to July 2025. Getmantsev noted that this is the third time this beacon has been postponed.

In addition, the publication of the results of the external audit of the effectiveness of the National Anti-Corruption Bureau of Ukraine was postponed from February to July 2025.

At the same time, four new structural beacons were added: development of an optimal plan for the implementation of the IT strategy for the State Tax Service and the State Medical Service as part of the implementation of the National Revenue Strategy – by the end of September 2025; addition of sectoral strategies in line with the new public investment management strategy – by the end of December 2025.

The new tasks also include conducting an independent review of the professional suitability and business reputation of the bond commission by the end of June 2025 and revising the procedure for selection and appointment to the supervisory boards of state-owned enterprises by the end of August 2025.

“By the next, eighth review, which will probably take place in July, structural beacons for reforms will be presented with implementation by the middle of this year,” says Getmantsev.

He noted that there should be no serious problems with securing most of the structural beacons. However, there may be difficulties from the bond commission and delays in appointing a new head of the Customs Service until the end of June. Hetmantsev considers other obligations, such as filing a Budget Declaration and a bill on tax reporting for digital platform operators, to be quite feasible.

As reported by Ukrinform, on March 28, the Council of the International Monetary Fund approved another allocation of funds to Ukraine in the amount of 400 million dollars.

In almost two years of the EFF's operation, Ukraine has successfully passed six reviews – this is the first case in the history of cooperation with the IMF. This allowed attracting about $9.8 billion to the state budget out of the $15.5 billion envisaged in the program for 2023-2027.