US, UK say they will help Ukraine recover stolen assets abroad
How does Ukraine, which by all measures should be a rich country, manage to stay so poor? A big answer is corruption.
Over the past decade an estimated $100 billion in illicit funds has gushed out of the country. But new commitments Ukraine signed up to at a recent anti-corruption summit could cut that figure drastically.
Delegates from more than 40 coun- tries attended the United Kingdom’s AntiCorruption Summit in London on May 12, which was devoted to launching a coordinated, worldwide effort to end graft in all countries.
Ukraine is no exception. In fact, Ukraine was one of the priority topics at the summit.
So was Britain, a top destination for parking ill-gotten gains for corrupt offi-
In conditions of the present crisis Ukraine is more than ever before in need of international support. Economic and social development significantly maintained by foreign funds and agencies. One of the well-known donors from which you are able to receive project financing is United States Agency for International Development (USAID). Since 1992, it contributed approximately $1.9 billion to Ukraine. USAID programs primarily focus on good governance, economic growth, strengthened health services and humanitarian assistance. If entity are implementing or planning to implement projects funded by USAID, it must be willing to adhere to a number of specific requirements. One of these requirements is conducting an audit in the case of the recipient spents in USAID awards $300,000 or more in its fiscal year.
International officials attend a panel discussion during the Anti-corruption Summit London 2016, at Lancaster House in central London on May 12. Ukraine committed to taking a number of steps toward increasing cooperation with international law enforcement at the summit. (AFP)