Ukraine must ensure independence of anti-corruption institutions – IMF memo

The IMF says Ukraine should also ensure stable and full financing of such agencies, as well as expand NABU's investigative capabilities.

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The International Monetary Fund (IMF) has said the Ukrainian authorities must ensure the independence, adequate resources, and effectiveness of the new anti-corruption institutions.

"The authorities will ensure the independence, adequate resources, and effectiveness of the new anti-corruption institutions (e.g., the National Anti-corruption Bureau of Ukraine (NABU), the Special Anti-corruption Prosecutor's Office (SAPO), and the High Anti-Corruption Court (HACC))," according to a letter of intent and the memorandum of economic and financial policy on the new 18-month Stand-By Arrangement (SBA) between Ukraine and the Fund.

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The IMF says Ukraine should also ensure stable and full financing of such agencies, as well as expand NABU's investigative capabilities.

Ukraine has also committed to implementing and strengthening asset declaration systems, combating money laundering and combating the financing of terrorism, improving the system for selecting judges, and creating an inspection body under the High Council of Justice.

As UNIAN reported earlier, the IMF Executive Board on June 9 approved an 18-month Stand-By Arrangement (SBA) for Ukraine, with access equivalent to SDR 3.6 billion (about US$5 billion, or 179% of quota). The first disbursement is worth US$2.1 billion.

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