The International Monetary Fund (IMF) has praised the Ukrainian government for taking significant steps towards combating corruption in the country. In a press conference on Thursday, IMF spokesperson Julie Kozack commended the Ukrainian authorities for implementing a new law that aims to tackle corruption and promote transparency.
The new law, which was passed by the Ukrainian parliament earlier this week, is a major milestone in the country’s fight against corruption. It introduces a number of measures to strengthen the legal framework and institutions responsible for preventing and prosecuting corrupt practices.
Kozack highlighted the importance of this law in promoting good governance and creating a level playing field for businesses in Ukraine. She stated, “The IMF welcomes the adoption of this law as a crucial step towards improving the business climate and attracting much-needed investment in the country.”
Corruption has long been a major issue in Ukraine, hindering economic growth and deterring foreign investment. The IMF has been working closely with the Ukrainian government to address this issue and has been providing financial assistance to support the country’s reform efforts.
Kozack praised the Ukrainian authorities for their commitment to implementing anti-corruption measures and emphasized the need for continued efforts in this regard. She stated, “The Ukrainian government has shown a strong determination to tackle corruption and we urge them to continue their efforts in this direction.”
The new law introduces a number of key measures, including the establishment of an independent anti-corruption court, the creation of a National Anti-Corruption Bureau, and the strengthening of asset declaration requirements for public officials. These measures are expected to significantly improve the country’s ability to prevent, detect, and prosecute corrupt practices.
Kozack also highlighted the importance of ensuring the independence and effectiveness of the new anti-corruption institutions. She stated, “It is crucial that these institutions are given the necessary resources and support to carry out their mandate effectively.”
The IMF spokesperson also stressed the need for continued cooperation between the Ukrainian government and international partners in the fight against corruption. She stated, “The IMF stands ready to continue supporting Ukraine in its efforts to combat corruption and promote good governance.”
The new law has been widely welcomed by the international community, with many viewing it as a positive step towards improving the business climate in Ukraine. The European Union has also praised the country’s efforts, stating that the new law is a “key element” in the EU’s support for Ukraine’s reform agenda.
The Ukrainian government has also expressed its commitment to implementing the new law and has stated that it will continue to work towards creating a more transparent and accountable system. Prime Minister Denys Shmyhal stated, “This law is a clear signal to the international community that Ukraine is serious about fighting corruption and creating a fair and competitive business environment.”
The IMF’s praise for the Ukrainian authorities’ efforts in implementing anti-corruption measures is a testament to the country’s determination to tackle this issue. With the new law in place, Ukraine is taking a major step towards creating a more transparent and accountable society, which will ultimately benefit its citizens and attract much-needed investment.
In conclusion, the IMF’s positive remarks on the new anti-corruption law in Ukraine are a clear indication of the country’s progress in its fight against corruption. The law is a significant milestone in the country’s reform efforts and is expected to have a positive impact on the business climate and overall economic development. With continued efforts and cooperation, Ukraine is on the right track towards building a more transparent and prosperous future for its citizens.