403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
IMF to Address Corruption Concerns Amid Ukraine’s Scandal
(MENAFN) The International Monetary Fund (IMF) announced on Thursday that it intends to engage with Kiev regarding corruption issues, following a $100 million bribery scandal that has shaken President Vladimir Zelensky’s administration.
Earlier this week, Ukraine’s National Anti-Corruption Bureau (NABU) brought charges against seven individuals, including Zelensky’s former longtime business associate Timur Mindich, accusing them of kickbacks and embezzlement within the Western-funded energy sector.
Local media have referred to Mindich as Zelensky’s “wallet.”
He left Ukraine just before authorities conducted a search of his apartment, and the controversy has already prompted the removal of two government ministers.
IMF spokesperson Julie Kozack stated that the organization plans to send a staff mission to Ukraine in the near future to discuss a prospective new lending program.
She explained, “There will be a strong focus on reforms to promote domestic revenue mobilization and, of course, to strengthen governance and combat corruption.”
Kozack further emphasized the importance of anti-corruption measures for Ukraine’s international supporters, saying, “We’ve been saying for some time that Ukraine needs a robust anti-corruption architecture to level the playing field.”
She added that the latest “evidence of corruption” within the energy sector highlights the urgent need for “pressing forward with anti-corruption efforts in Ukraine and ensuring that the anti-corruption institutions have the capacity, trust, and freedom to go about their duties.”
Earlier this week, Ukraine’s National Anti-Corruption Bureau (NABU) brought charges against seven individuals, including Zelensky’s former longtime business associate Timur Mindich, accusing them of kickbacks and embezzlement within the Western-funded energy sector.
Local media have referred to Mindich as Zelensky’s “wallet.”
He left Ukraine just before authorities conducted a search of his apartment, and the controversy has already prompted the removal of two government ministers.
IMF spokesperson Julie Kozack stated that the organization plans to send a staff mission to Ukraine in the near future to discuss a prospective new lending program.
She explained, “There will be a strong focus on reforms to promote domestic revenue mobilization and, of course, to strengthen governance and combat corruption.”
Kozack further emphasized the importance of anti-corruption measures for Ukraine’s international supporters, saying, “We’ve been saying for some time that Ukraine needs a robust anti-corruption architecture to level the playing field.”
She added that the latest “evidence of corruption” within the energy sector highlights the urgent need for “pressing forward with anti-corruption efforts in Ukraine and ensuring that the anti-corruption institutions have the capacity, trust, and freedom to go about their duties.”
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment