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Ukraine needs to raise taxes to assure donors, bondholders of eventual self-reliance, IMF says

A government-proposed tax increase in Ukraine is key to maintaining support of foreign donors and bondholders who seek greater guarantees of medium-term stability, IMF Ukraine mission Chief Gavin Gray said.

"The donors are looking for Ukraine to play its part in progressively becoming more self-reliant," Gray said. "So, consequently, progress in adopting the tax package will influence donors' willingness to continue to support Ukraine."

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