Jerome Vacher re­veals the IMF'S ex­pec­ta­tions

Kyiv Post Legal Quarterly - - Contents - BY BRIAN BON­NER BON­NER@KYIVPOST.COM

The In­ter­na­tional Mon­e­tary Fund talks a good game in telling Ukraine to com­bat cor­rup­tion. But it may be a case of the bark be­ing worse than the bite.

Any­one who ex­pects the in­ter­na­tional lender of last re­sort to force out cor­rup­tion in the law en­force­ment sys­tem, or or­der a badly needed over­haul of the gen­eral pros­e­cu­tor’s of­fice or the courts, would be mis­taken.

Such re­quire­ments are sim­ply not part of the IMF’S man­date or ex­per­tise, said IMF Coun­try Rep­re­sen­ta­tive Jerome Vacher in a May 27 in­ter­view with the Kyiv Post.

“We fully agree that these are key in­sti­tu­tions in the fight against cor­rup­tion. They are not the only ones,” Vacher said. “There is a need to more sub­stan­tially im­prove rule of law in this coun­try and these in­sti­tu­tions are at the fore­front of that. In or­der for Ukraine to grow in a sus­tain­able man­ner, we need a sub­stan­tial im­prove­ment in the busi­ness en­vi­ron­ment and need to see a sub­stan­tial re­duc­tion in cor­rup­tion.”

In­ter­na­tional Mon­e­tary Fund Coun­try Rep­re­sen­ta­tive Jerome Vacher on Nov. 8, 2013, in Kyiv. (Kostyan­tyn Ch­er­nichkin)

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