The absence of a land market hinders the development of Ukraine - the IMF

05 December 2017, 10:53 | Business
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The absence of a regulated and transparent land market does not allow the country to develop properly and prevents the inflow of investments into the country. This was during the conference "Towards an open and grounded land reform," said IMF representative in Ukraine, Yosta Ljungman, reports Ukrinform.. "The lack of a land market does not contribute to the development of the economy, does not allow investment to enter the country," Ljungman said.. He noted that the IMF support program is aimed at helping Ukraine to go through the reforms and come to structural changes in the economy. The moratorium on the sale of agricultural land operates in Ukraine until the adoption of the law on the circulation of land. The abolition of the moratorium is one of the requirements of the International Monetary Fund to Ukraine. Finance help. ua: Since 2001, Ukraine has a ban on the purchase and sale of agricultural land, which since October 2016 was extended until early 2018. On April 4, the International Monetary Fund submitted a Memorandum for further cooperation with Ukraine, according to which one of the main conditions for building a modern market economy is the creation of a transparent land market.

In late April, the Permanent Representative of the IMF in Ukraine Jerome your stated that the land market in Ukraine should earn before the beginning of 2018. In turn, the Prime Minister of Ukraine Vladimir Groysman said that he was against selling land to foreigners and large agro-holdings. July 3, the media reported that the IMF allegedly did not insist on the introduction of the land market as one of the conditions for the allocation of Ukraine next tranche.

The absence of a land market hinders the development of Ukraine - the IMF.




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