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damage assessments are always available on the KSE website.
2.3 Ukraine finalising recovery and reform plans
Ukraine’s government and its internal partners are drawing up more complete recovery and reform plans in anticipation of the end of the war and to counter growing concerns about the rampant corruption in the country that are starting to threaten Ukraine’s international funding needs.
The Ukrainian government, led by the Ministry of Economy, has finalized the concept note required for preparing the Ukraine Plan as part of the Ukraine Facility, a €50 bn financial support program from the EU for 2024-2027, the Kyiv School of Economics (KSE) said in a recent note.
The Ukraine Facility will be an important component in Ukraine's recovery process, focusing on economic growth, internal transformations, and European integration. The plan focuses on key sectors like energy and agriculture as well a greenifying the economy.
The International Monetary Fund (IMF) has also recently listed reforms that the government needs to meet in order to comply with the terms of its $15bn Extended Fund Facility (EFF).
The head of the IMF mission, Gavin Gray, said last week that Ukraine first must adopt the new gas transportation system operator statute. Secondly, it is still waiting for a resolution on the issue of business tax audits.
"Thirdly, the authorities of Ukraine should develop a conceptual note regarding the preferential lending program, known as 5-7-9, which should outline the vision for improving its monitoring and preventing negative consequences for the financial sector," Gray said.
He also emphasized that the IMF expects to fulfil its obligations as part of the changes that must be made to the law on combating money laundering and terrorist financing. However, he noted that the law on the declaration of assets has already been adopted.
"If we talk about the Budget Code, which paves the way for medium-term budget planning, was adopted early. I also want to note the return to the simplified taxation regime that worked before the war," the IMF representative concluded.
10 UKRAINE Country Report November 2023 www.intellinews.com