IMF demands Ukraine guarantee independence of all anti-corruption bodies

IMF demands Ukraine guarantee independence of all anti-corruption bodies

Ukraine should maintain the independence of all anti-corruption bodies in order to continue the current IMF-supported program, Director of the IMF Communications Department Gerry Rice has said.

"Maintaining the independence and integrity of the National Anti-Corruption Bureau of Ukraine, the Special Anti-Corruption Prosecutor's Office and the High Anti-Corruption Court is a key component of structural reforms to unlock stronger and more equitable growth and a prerequisite under the current IMF-supported program," Rice said at a briefing in Washington on September 10.

He added that the IMF continued its engagement with the Ukrainian authorities and that the discussions on the program, its conditions and commitments were ongoing. "I don't have a date for a first review mission and that's where we stand on Ukraine," Rice said.

Ukrainian Finance Minister Serhiy Marchenko said at a meeting of the parliamentary committee on finance, tax and customs policy on September 9 that the Finance Ministry expected the review of the stand-by program to be completed soon and was waiting for IMF tranches by the end of the year.

Ukraine has already received $2.1 billion from the IMF this year and, according to preliminary forecasts from the Finance Ministry, may receive another $1.4 billion from the Fund by the end of the year.


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