Ukraine: IMF Sees Ukrainian Politicians Curbing Anti-Corruption Efforts

Author(s): Daryna Krasnolutska, Kateryna Choursina | Date: October 3, 2016 | Language: English
Source: http://www.bloomberg.com/ | URL: https://goo.gl/dfmw1x | Type: Text

Ukrainian anti-corruption efforts are falling short because of political opposition to clean up years of post-Soviet misdeeds, the International Monetary Fund said.
The Washington-based lender urged the eastern European nation to show progress in fighting graft and pushing through other reforms, including sales of state assets and a revamp of the pension system, to keep cash from its $17.5 billion bailout loan flowing. Managing Director Christine Lagarde has warned in the past that financing could be cut off if sufficient headway isn’t made.
“Tackling corruption and reducing the influence of vested interests on policy making remain key challenges,” the IMF said Monday in a report after reviewing Ukrainian government policies. “Progress in tackling corruption, privatizing state-owned enterprises and advancing pension reform has been slower than envisaged against significant political resistance.”

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