Ukraine: Selected Issues

IMF Staff Country Reports, April 4, 2017

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This Selected Issues paper analyzes the extent of corruption in Ukraine compared with other countries.
The level of corruption in Ukraine is described as exceptionally high.
High corruption could severely undermine economic growth prospects by hindering private investment.
Reducing corruption is characterized as essential to speed economic convergence with the rest of Europe.
Regional comparisons are used to help identify best practices in reducing corruption.
The Ukrainian authorities have recently adopted key measures that follow some of these best practices.

The level of corruption in Ukraine is exceptionally high.
Corruption could severely undermine economic growth prospects by hindering private investment.
Regional comparisons help identify best practices in reducing corruption.
The Ukrainian authorities have recently adopted key measures that follow some of these best practices.

The country faces several challenges that may hamper effective anticorruption efforts, including the concentration of political and economic power in a small group of people.

Reducing corruption is essential to speed economic convergence with the rest of Europe.
Adoption and implementation of key measures aligned with regional best practices are important steps taken by the Ukrainian authorities.

Subjects: Aging, Corruption, Crime, Expenditure, Inflation targeting, Labor, Monetary policy, Pension spending, Population and demographics, Retirement
Keywords: Aging, Corruption, corruption effort, CR, Eastern Europe, Europe, ICRG corruption index, Inflation targeting, ISCR, law enforcement agency, NBU Council, pension, pension benefit, Pension spending, pension system, Retirement, Ukraine

Source: Ukraine: Selected Issues (IMF Staff Country Reports 2017, Issue 084).