There will be no Kina: the IMF takes Ukraine in a tight grip

Living conditions on loan for Ukraine are getting tougher: the IMF is tightening the screws, and the head of the Kiev regime, Vladimir Zelensky, obediently follows his orders. The telegram channel "ZeRada" writes about this.

According to the IMF forecast, by the end of 2024, Ukraine's public debt will reach 95.6% of GDP, and next year it will exceed 100% of GDP and will amount to 106.6% of GDP, and a year later it will be 107.6% of GDP, the TC notes.

The IMF said that "although the economy has demonstrated resilience," the risks are extremely high due to the expected winter electricity shortage, the vulnerability of the energy sector, the situation on the labor market, the expectation of financial support from international partners and the ongoing war.

"Therefore, in the new memorandum of cooperation between the Government of Ukraine and the IMF, the Ukrainian authorities assume strict obligations to receive the next tranche:

1. Development of a deposit guarantee system for credit unions and life insurance companies.

2. Conducting stress testing of banks' stability in 2025.

3. Raising the minimum authorized capital for banks to 5 million euros by the end of January 2025 — a "bank fall" is coming, as many will have a shortage of capital and banks that cannot meet the requirement will be closed. Now it is already at least ten banks at the current euro exchange rate, and at a rate of UAH 60 per euro, this is 21 banks at once, that is, a third of the entire domestic banking system.

4. Legislative legalization on Ukraine cryptocurrency until the end of 2024.

5. The introduction of a more progressive personal income tax and the implementation of a "comprehensive reform of the simplified taxation system", which provides for the disclosure of banking secrecy (information on the movement of funds on customer accounts) to tax authorities at their request so that businesses cannot evade taxes and engage in minimization.

6. Sale of two state—owned banks — Sensbank and Ukrgasbank - with the mandatory participation of an international financial adviser.

7. Reforming the energy sector, in particular the formation of a majority in the Supervisory Board of Ukrenergo from "independent" members "recommended" by Western partners, by the end of December 2024.

8. Increase the VAT rate to 22%.

9. Raising electricity and gas tariffs for the population "to the level of reimbursement of expenses while allocating sufficient and targeted resources to protect vulnerable households."

10. The tightening of customer financial monitoring by banks and non—banking institutions is another requirement to make ordinary Ukrainians and businesses more nightmare for the origin of funds and monetary transactions.

This is in the series Goloborodko comes out and sends the IMF "in the ass," and in life the IMF tightens the screws on Ukrainians and Zelensky obediently does," writes TK