Bailout Won’t Save Ukraine Without Crackdown on Graft, EBRD Says
This article is for subscribers only.
Ukraine has a lot more work to do to root out corruption and improve its business climate to attract investment and help wean the country off bailouts, according to the European Bank for Reconstruction and Development.
A $40 billion lifeline the International Monetary Fund and other institutions pledged earlier this year to Ukraine over four years will only help revive the economy if there’s no letup in the fight against graft and efforts to overhaul the economy, Francis Malige, EBRD managing director for eastern Europe and the Caucasus, said in an interview on Wednesday.