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 Ukraine-IMF Cooperation Memorandum provides for land reform kickoff in 2017, - finance minister

Ukraine’s Finance Minister Oleksandr Danyliuk says Memorandum of Cooperation with the International Monetary Fund stipulates launch of land reform in Ukraine in 2017.

He said this on air of ICTV channel, Censor.NET reports citing Ukrainski Novyny.

"The official document (memorandum) will be made public only after the [IMF] Board meeting... What are our plans regarding the land reform? We do plan to kick off the land reform this year as it was envisaged in previous memorandums," Danyliuk said.

The minister added that the people should be granted the right to dispose of the land in order to reach a new milestone in the development of the agricultural sector and encourage investing in it.

"It is critical for us to legislate the land market operation. How do we achieve this? We have yet to work on this together with the World Bank, with the experts who understand how the market should develop," Danyliuk said.

Read more: IMF accepts delay in Ukraine's anti-corruption court launch, - Ukrainski Novyny

He believes cooperation between Ukraine and IMF is extremely important as it once helped to achieve macroeconomic stability in the country.

The IMF Board is going to consider the Ukraine issue on March 20.

Earlier, Prime Minister of Ukraine Volodymyr Hroisman said that no decision regarding the moratorium on the sale of agricultural land could be made until all the nuances of land transactions are scrutinized.

Read more: Ukraine-IMF Memorandum has provisions on pension reform and land market, - Finance Minister Danyliuk
   
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