Rada to approve IMF-required banking law on May 13, MP expects

Ukraine’s parliament is going to vote for the final
draft of the IMF-required bill on banking sector resolution (the so-called anti-Kolomoisky
bill) on May 13, People’s Servant Parliamentary Faction Deputy Head Oleksandr
Kornienko told a television show on May 8. He was confident the Rada has enough
votes to approve the bill, stating that “a period will be put on this story” on
Wednesday. He also expects the bill’s opponents will file draft resolutions to
cancel the voting (as the opponents did with the land reform bill and a law that allows for an expedited review
of the banking sector resolution bill), but expressed his hope that Ukraine’s
Western partners will treat positively the very fact of the bill’s approval.

Alexander Paraschiy: We believe
it’s highly likely the bill will be approved by the Rada on Wednesday and
pro-Kolomoisky MPs will file draft resolutions to overturn it. The Rada will
have to gather again to reject these draft resolutions, only after which the
bill can be signed into law.

We do not rule out the IMF board could schedule its
meeting to approve the new loan program for Ukraine after the positive vote on
Wednesday, but its decision to sign the program won’t be possible without the
president’s signature. If there are no other surprises from Ukraine’s side, we
believe the IMF deal can be signed as early as next week.