The Q2 was marked by two long-awaited reforms — laws on insolvency of banks and on the circulation of agricultural land, which brought to Ukraine a new program with the International Monetary Fund and a $2.1 billion tranche. Unfortunately, the political pressure towards the NBU and letting go it’s head, Yakiv Smolii, put the continuation of the cooperation with the IMF into question. Therefore, Ukraine has once again taken a step back on the path of reforms.
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Kseniia Alekankina: Acceleration of reforms despite quarantine
A farmer plows a field on April 17, 2018, in Kyiv Oblast.
