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2017-12-11 09:35:00

IMF: UKRAINIAN CORRUPTION

IMF: UKRAINIAN CORRUPTION

IMF - Christine Lagarde, Managing Director of the International Monetary Fund (IMF), and Petro Poroshenko, President of Ukraine, spoke today about recent events. Following the call, Ms. Lagarde issued the following statement:

"I had a constructive and open discussion with President Poroshenko on Ukraine's efforts to fight corruption, which is expected by the Ukrainian society and is critical to improve transparency and accountability and create the conditions for sustainable growth.

"I emphasized that investigating and promptly adjudicating incidences of corruption is critical to advance these objectives and maintain public trust. In this regard, we agreed on the need to maintain the independence and enhance the operational capacity of the National Anti-Corruption Bureau and the Special Anti-Corruption Prosecutor's Office.

"We also agreed that the prompt establishment of the anti-corruption court is an essential complement of these efforts. In this regard, I supported the President's agenda for the submission of a draft law to Parliament in the coming days consistent with the Venice Commission's recommendations and past agreements under the IMF-supported program. It will be important that all members of Parliament unite behind the bill and approve it as a matter of priority.

"I assured the President that the IMF stands ready to continue to support Ukraine, along with other international partners, in the fight against corruption and encouraged the authorities to accelerate the implementation of reforms that are necessary to further improve the prospects of Ukraine's economy and its people."

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Earlier:

 UKRAINE'S GAS INVESTMENT UP TO 46%
2017, December, 4, 23:05:00

UKRAINE'S GAS INVESTMENT UP TO 46%

УКРТРАНСГАЗ - According to Ukrtransgaz’ performance results in the first nine months of 2017, capital investments in Ukraine’s gas transmission facilities increased by 46% or UAH 486 million compared to the same period of 2016, Ukrtransgaz public and media relations department reports.

 

 WBG HAS UKRAINE
2017, October, 4, 23:35:00

WBG HAS UKRAINE

According to the World Bank’s Special Focus Note on reforming land markets, the moratorium on agricultural land sales, along with weaknesses in the transparency of land rights and transactions, are major impediments to attracting investment and unlocking productivity in Ukraine’s agriculture sector.

 

 RUSSIAN GAS FOR EUROPE: UP TO 23%
2017, September, 4, 12:30:00

RUSSIAN GAS FOR EUROPE: UP TO 23%

Russian natural gas volumes piped via Ukraine to European consumers are up by 23.4 percent so far this year at 61.9 billion cubic metres (bcm), Ukrainian gas transport monopoly Ukrtransgaz said.

 

 RUSSIAN - UKRAINIAN OIL TRANSIT: UP 42%
2017, April, 10, 18:40:00

RUSSIAN - UKRAINIAN OIL TRANSIT: UP 42%

Ukraine's transit of Russian oil for exports to Europe in March rose 42% year on year to 1.25 million mt, state oil shipper UkrTransNafta said

 

 UKRAINE'S SERIOUS SHORTCOMINGS
2017, April, 7, 18:30:00

UKRAINE'S SERIOUS SHORTCOMINGS

Ukraine has been urged to finalise gas sector reforms by Janez Kopac, director of Energy Community that regroups EU and non-EU states in Europe.

 

 WBG BOUGHT UKRAINE: $10 BLN
2017, April, 6, 18:30:00

WBG BOUGHT UKRAINE: $10 BLN

The World Bank’s current investment project portfolio in Ukraine amounts to about US$2.8 billion. Investments support improving basic public services that directly benefit ordinary people in areas such as water supply, sanitation, heating, power, roads, social protection and healthcare, as well as private sector development. Since Ukraine joined the World Bank in 1992, the Bank’s commitments to the country have totaled over US$10 billion in about 70 projects and programs.

 

 IMF: UKRAINE'S CORRUPTION
2017, April, 5, 18:35:00

IMF: UKRAINE'S CORRUPTION

Directors welcomed the creation of new anticorruption institutions, but strongly urged the authorities to strengthen these institutions further and to establish an independent anticorruption court to achieve concrete results, in order to support the reform program, attract investment, and achieve faster growth.

Tags: IMF, UKRAINE, CORRUPTION

Chronicle:

IMF: UKRAINIAN CORRUPTION
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

IMF: UKRAINIAN CORRUPTION
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

IMF: UKRAINIAN CORRUPTION
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

IMF: UKRAINIAN CORRUPTION
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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