REUTERS
Cutting the level of corruption in Ukraine to the average level of the European Union will be able to reduce the country's lag behind the EU in terms of GDP per capita by 2040 to 40% of the average European level, according to a research by the International Monetary Fund.
The results show that a decrease in the level of corruption can significantly contribute to accelerating economic rapprochement with the European Union, according to the IMF.
The study says that, if Ukraine fails to reduce the level of corruption, GDP per capita will still be only about 30% of the EU average in 2040. If corruption is reduced to the highest level existing in the EU countries, GDP per capita in Ukraine in 2040 will be about 40% of the EU average.
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The International Monetary Fund urged the Ukrainian government to accelerate structural reforms, in order to achieve faster and more sustainable growth, starting with privatization and development of the agricultural land market, and noted the lack of concrete results in the fight against corruption.
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