21:40 GMT16 April 2021
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    The existing problems with the Ukrainian system of electronic declaration could threaten the disbursement of the next tranche of financial aid from the International Monetary Fund (IMF), Ukrainian Finance Minister Oleksandr Danyliuk said Monday.

    MOSCOW (Sputnik) On August 15, Kiev failed to meet the deadline of full launch of the online system aimed at the declaration of assets. The launch of the system is one of the requirements of Ukraine's international lenders to continue providing Kiev with economic aid.

    "We are working with our international partners not on paper only, it means that we need real quality changes, but not dubious partial solutions. Electronic system is a key element of anti-corruption struggle. It is necessary to make this system work properly. It is crucial both for us and our international partners. Without this move, the disbursement of the third tranche is under the threat," Danyliuk said, as quoted by the Ekonomicheskaya Pravda newspaper.

    He added that without the IMF, Ukraine would not be able to receive economic support from either the United States or the European Union.

    According to Danyliuk, Ukrainian authorities expect the system of electronic declaration to start working properly starting from September 1 to remove all the obstacles for the IMF tranche.

    Ukraine heavily relies on foreign aid to support its economy and to pay debts amid the ongoing armed conflict with independence supporters in the country's southeast.

    Related:

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    Poroshenko, IMF Managing Director Discuss Next Tranche to Ukraine
    Tags:
    tranche, International Monetary Fund, Ukraine
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