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Issues With E-Declaration System in Ukraine Pose Threat to IMF Tranche

© REUTERS / Kim Kyung-HoonVisitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo.
Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo. - Sputnik International
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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.

International Monetary Fund (IMF) - Sputnik International
IMF to Keep Ukraine Waiting for Second Tranche of Money
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.

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