Ukraine has shown poor results in the fight against corruption, according to the International Monetary Fund and the World Bank, Interfax-Ukraine reports.
“We see significant progress in establishing anti-corruption bodies. But at the same time, the effectiveness of the fight against corruption is very low. Not a single official has been brought to justice for acts of corruption despite the fact that Ukraine is widely perceived as a country with a high corruption level," the representative of the IMF in Ukraine, Gosta Ljungman stated.
The World Bank Country Director for Belarus, Moldova, and Ukraine, Satu Kakhonen explained that the country's image discourages potential investors.
“The high corruption level in Ukraine and the supremacy of personal decisions instead of the rule of law are what deter investors. We communicate a lot with different investors and we see that there are possibilities for investments in Ukraine, but at the same time we see their concerns regarding these issues," Kakhonen said.
Earlier, authorized personnel of the International Monetary Fund and Ukraine agreed on the new 14-month Stand-by Arrangement, an economic policy support program that will replace the Extended Fund Facility program, approved in March 2015 and expiring in March 2019.