Updated Memo with the IMF: The Ministry of Finance Explained Whether Electricity Tariffs Will Soar.
According to the results of the review of the Extended Fund Facility (EFF) program, the updated IMF Memorandum does not contain requirements to increase tariffs on energy carriers in Ukraine.
Instead, the Ukrainian side, together with the Fund's experts, is discussing various options for reforming the energy system and ensuring its stability, reports the Ministry of Finance's press service.
This decision was made due to the significant damage caused by Russian aggression to Ukraine's energy infrastructure, and its impact on the country's economic recovery.
The Memorandum dated October 18, 2024, reiterates potential measures from previous updates, without proposing new ones or creating obligations to increase tariffs during the war.
The government of Ukraine continues to work on mitigating the consequences of large-scale attacks on the energy system. Among the implemented measures are the expansion of the role of the "5-7-9" program and the Entrepreneurship Development Fund in supporting the energy sector, as well as the introduction of loan programs by state banks.
The energy sector remains one of the key areas of cooperation between Ukraine and international partners and IMF experts with the aim of stabilizing the economic situation in the country.
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