Jerome Vacher reveals the IMF'S expectations
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)