Ukrainian authorities agreed to scrap several tax exemptions in order to secure fresh funding from the International Monetary Fund, though the new loan package hinges on the war-battered nation’s allies agreeing to tap frozen Russian assets.
The IMF announced a staff-level agreement for a four-year program worth around $8 billion on Wednesday, sending positive signals to Ukraine’s allies. The Washington-based lender’s board will approve the program once Kyiv implements a range of spending measures.
Ukraine agreed to accelerate efforts to prevent tax evasion and avoidance, as well as broaden its tax base. The so-called prior actions required of Kyiv ...
