MP urges reform of Economic Security Bureau in line with IMF guidelines

10 April, 02:55 PM
Danylo Hetmantsev (Photo:NV)

Danylo Hetmantsev (Photo:NV)

The Economic Security Bureau of Ukraine (ESBU) needs to be revamped by the end of 2023 in order to meet the guidelines laid out by the International Monetary Fund (IMF), the chairman of the parliamentary committee on finance, tax, and customs policy, MP Danylo Hetmantsev, said in an interview to the Interfax-Ukraine news agency on April 10.

The MP stated that Ukraine’s partners have been unhappy with the agency’s performance, and pointed out that the agency was mentioned in an IMF memorandum by name.

“The ESBU is the most important agency in overseeing the use of funds they (partners) give us now and will give for rebuilding,” Hetmansev said.

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“This is agency No. 1. And it cannot be left as it is now. Tax police should not make up 80% of the staff.”

In order to improve the functioning of the agency, both the regulations governing it and its staff need to undergo a thorough reassessment, which should involve international experts, Hetmantsev believes.

“By the way, we want to do the same both in the customs and tax offices,” he said.

Earlier, Ukraine’s Finance Ministry published the full text of a Memorandum of Economic and Financial Policies dated March 24, 2023, which lays out the government’s plans for economic development through 2027. The Memorandum, which was developed in coordination with the IMF, provides for the concrete steps that need to be taken in order for Ukraine to qualify for a new tranche of funding from the Fund, including reform of the ESBU.

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