‘It Is Not for the IMF To Organize Parliament’, IMF’s European Director Says
IMF European Department Director Alfred Kammer stated that the IMF's support for Ukraine will not be impacted by leadership changes, as the country is experiencing parliamentary drama over tax law amendments required by a new $8.1 billion IMF program. Ukraine risks losing IMF tranches and additional donor financing if lawmakers do not approve the tax amendments.
Alfred Kammer, IMF European Department director, is retiring after overseeing the IMF's programs in Europe, including Ukraine's $15.6 billion Extended Fund Facility program. Ukraine's parliament is struggling to pass tax law amendments required by a new $8.1 billion IMF program. The amendments include registering small businesses as Value-Added-Tax payers, implementing the EU's DAC7 directive, and introducing VAT on international parcels. If not approved, Ukraine risks losing IMF tranches and additional donor financing. Kammer assured that leadership changes at the IMF will not impact the organization's support for Ukraine. The IMF has a large team working on Ukraine's program, and Kammer's successor will prioritize supporting Ukraine.
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