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."
|September, 21, 11:00:00|
|September, 21, 10:55:00|
|September, 21, 10:45:00|
|September, 21, 10:40:00|
|September, 21, 10:35:00|
|September, 21, 10:30:00|
U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014
OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.
ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.
PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.