IMF Joins Criticism of Ukraine's Crumbling Anti-Graft Efforts

Bloomberg Finance 10 months ago

The International Monetary Fund urged Ukraine to end attacks on its anti-graft agencies, joining a growing chorus of criticism of the country’s reform efforts that already includes the U.S. and the European Union.

Ukraine’s government and parliament should safeguard the independence of the National Anti-Corruption Bureau, or NABU, and the Special Anti-Corruption Prosecutor’s Office, the Washington-based lender said Thursday. It called on lawmakers to quickly pass legislation creating an independent anti-graft court, an issue on which President Petro Poroshenko has flip-flopped.

“Fighting corruption is a key demand of the Ukrainian society, is crucial to achieving stronger and equitable growth and is part of the government’s commitment under the program with the IMF,” Managing Director Christine Lagarde said in an emailed statement.

Almost four years after pro-European demonstrators toppled Ukraine’s Russian-backed leader, reforms are fizzling out, transparency activists are under attack and law enforcement agencies are publicly sparring among themselves. The IMF has delayed transfers from a $17.5 billion bailout as the government fails to meet its commitments under the program.

The U.S. and the EU said this week that they’re also concerned about pressure on Ukraine’s anti-corruption bodies. The State Department warned that such actions risk eroding international support for the former Soviet republic.

‘Mounting Pressure’

While lawmakers are set to vote Thursday on dismissing the head of parliament’s committee on preventing corruption, a bill backed by members of the ruling coalition enabling the assembly to fire the heads of Ukraine’s anti-graft agencies was removed from the agenda overnight. The legislation would bring “irreversible consequences for the fight against corruption,” NABU said in a statement.

“The ruling party apparently stepped back under mounting pressure from the West, with the IMF officially joining the U.S. and the EU in warning Ukrainian leadership against weakening the independent anti-corruption institutions,” Kiev-based investment bank Dragon Capital said in an emailed note.

Poroshenko urged parliament to prepare a draft law on the anti-corruption court on Thursday. If he sees no progress on the issue by the start of next week, he said he’d prepare legislation himself.

    Source link
    Read also:
    The Sun 10 months ago
    THE BBC have drafted in Radio 1’s Clara Amfo to replace Reggie Yates as host of Top of the Pops festive specials after he quit over anti-Semitic...
    Fox News Politics 10 months ago
    The Justice Department is in the process of handing over to the House Intelligence Committee the anti-Trump text messages that got a key FBI official...
    Washington Post Travel 10 months ago
    KIEV – Masked officers from Ukraine’s security services arrived early Tuesday morning to arrest Mikheil Saakashvili, the former Georgian president...
    NPR News 10 months ago
    NPR's Mary Louise Kelly speaks with Travis Tygart, the CEO of the U.S. Anti-Doping Agency about the International Olympic Committee's decision to ban...
    NDTV News 10 months ago
    India and China must work together on climate change, said NITI Aayog Vice Chairman (File)Beijing: India and China on Tuesday criticised US President...
    Forbes 10 months ago
    FirstMark partners Beth Ferreira, Matt Turck, Rick Heitzmann, Amish Jani and Catherine Ulrich. New York venture capital firm FirstMark Capital has...
    Fox News 10 months ago
    BRUSSELS – Canada's foreign minister says her country would back e a peacekeeping mission in eastern Ukraine but only if it could have access to...
    Ars Technica Incident 10 months ago
    For years, doctors and health experts have tried in vain to douse the modern anti-vaccine movement with data and science. They’ve showered...
    The Sun 10 months ago
    A UNIVERSITY rowing team’s calendar has been banned by Russian authorities for breaching their anti gay propaganda laws. Customs officials seized the...
    One click to connect
    Select a social network to associate your account