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)

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