U.S. Markets closed

IMF tells Ukraine maintaining anti-corruption institutions "essential"

·1 min read

LONDON, Oct 30 (Reuters) - The International Monetary Fund told Ukraine on Friday that maintaining and enhancing its anti-corruption drive was an essential commitment of the fund's support programme.

Ukraine's patchy performance on economic reforms and tackling entrenched corruption has derailed a $5 billion programme agreed with the IMF in June.

"The launch of a comprehensive electronic system for asset and income disclosure by high-level officials in 2016 was, and remains, a critical step forward in anti-corruption efforts and should not be dismantled," an IMF spokesperson told Reuters.

The spokesperson added discussions with Ukraine were ongoing and that maintaining and enhancing the effectiveness of all of Ukraine’s anti-corruption institutions was "an essential commitment under the IMF-supported programme." (Reporting by Marc Jones, editing by Karin Strohecker)