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UK Vows to Battle Corruption, Recover Assets: EEC Statement

UK Vows to Battle Corruption, Recover Assets: EEC Statement
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Ukraine Business Roundup — February 13

A team from the International Monetary Fund (IMF) is in Kyiv this week for a three-day visit to meet with Ukrainian officials. The team will head to Warsaw later this week for the IMF’s review of its loan program for Ukraine that could unlock the next $900 million tranche of aid. Ahead of the visit, Bloomberg reported on Feb. 9 that Ukrainian officials were preparing to present the IMF delegation with a plan that included expanded domestic bond sales, tax hikes, and spending cuts to fill gaps in the budget in the event U.S. aid remains stalled in Congress.

Everyone talks about investing in Ukraine, but few are doing it

Despite its economy steadily improving from the first months of the full-scale invasion, very little foreign capital is currently trickling down to Ukraine’s private and public sectors. Money from international financial institutions has helped stabilize the economy, bolstering forecasts of 3.2% gross domestic product (GDP) growth this year, according to the World Bank.

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