Ukraine has improved its rating of corruption

Transparency International - a nongovernmental international organization for the fight against corruption and the study of the level of corruption around the world, has published its annual ranking of corruption, in which Ukraine scored 29 out of 100 possible points. The good news is that this two-point improvement over last year, which shows the anti-corruption reforms that Ukraine has implemented, have a certain impact. Transparency International noted positive changes in reducing abuse in public institutions, the police and the armed forces, and greater accountability of public procurement.

Not so good news is that Ukraine ranks 131 of 176 countries in the world corruption rating. Transparency International says that the judiciary has remained at the same level of corruption as in the era of Yanukovych. They cited the lack of measures to return assets from the regime of Yanukovych and his allies as vivid evidence of this. The problem is that Ukraine must improve its corruption rating in order to secure domestic investment.

At the moment, a huge amount of finance, which Ukraine desperately needs, is out of reach due to insufficient management cooperation and due diligence. An institutional investor performs his due diligence and the risk of corruption is considered too great, which stops the flow of investment, especially necessary in the agro-industrial sector.

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