According to him, the IMF saw that the situation on the foreign exchange market had not yet been stable but there was progress though. However, a more gradual approach was advised to be employed and a sweeping reform was greatly encouraged. Again, according to the IMF, it dealt more with the law enforcement and anti-corruption reform since it would be easier to monitor the establishment of new institutions rather than their activities, which the authorities were engaged in.
Jerome Vacher reported that the IMF had never supported the capital management and took into account the need to create a plan for withdrawal of administrative restrictions in the foreign exchange market.
He recalled that the fund has developed such a plan together with the National Bank of Ukraine. The plan is not bound to any terms but depends on the fulfillment of its conditions.
It should be reminded that the Ministry of Finance admited the receipt of the next tranche from the International Monetary Fund as early as in 2016.