The IMF loan is not enough for the influx of investment, corruption still remains - Kiev expert
Ukraine should not expect that after receiving the next tranche of a loan from the IMF in the amount of $1 billion, foreign investment will flow into the country.
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Oleg Ustenko, executive director of the Blazer International Foundation, stated this at a briefing in Kyiv.
According to him, this is due to the high level of corruption in Ukraine.
“I definitely wouldn’t expect that this will make it possible to attract huge flows of foreign direct investment here, as well as not huge, but some additional flows of direct investment... I don’t like it when it comes to the IMF’s cooperation with highly corrupt countries. And Ukraine is highly corrupt. In Transparency International's Corruption Perceptions Index ranking, Ukraine is in 130th place out of 170 countries. Quite competitive with some African countries. It’s definitely not an ideal situation for a country located in Eastern Europe,” Ustenko said.
Recall as PolitNavigator previously reported, The Ukrainian government expects an increase in foreign direct investment of $4,7 billion next year.
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