Arab Today, arab today ukraines graft problem tests western patience and resolve
Last Updated : GMT 13:45:14
Arab Today, arab today
Arab Today, arab today

To fight state graft

Ukraine's graft problem tests Western patience and resolve

Arab Today, arab today

Arab Today, arab today Ukraine's graft problem tests Western patience and resolve

Ukrainian President Petro Poroshenko
Kiev - Arab Today

 Ukraine's failure to fight state graft is testing the patience of its Western allies and threatening renewed economic and political chaos in a country still healing the wounds of war.

The latest and perhaps sternest warning to the pro-EU team of President Petro Poroshenko came Wednesday from IMF chief Christine Lagarde -- the architect and one of the most ardent supporters of Ukraine's huge financial rescue plan.

"I am concerned about Ukraine's slow progress in improving governance and fighting corruption," the International Monetary Fund's managing director said in an unusually strongly-worded statement.

"Ukraine risks a return to the pattern of failed economic policies that has plagued its recent history."

Lagarde's message struck at the heart of concerns of Ukrainians who joined three months of enthusiastic but ultimately bloody protests that brought down the ex-Soviet republic's Russian-backed leadership in February 2014.

Polls show public frustration with Poroshenko and Prime Minister Arseniy Yatsenyuk mounting and hopes ebbing away that Ukraine was finally ridding itself of mind-numbing bureaucracy and bribe-taking.
That angst was encapsulated by this month's resignation of reform-minded Aivaras Abromavicius as economy minister in protest at alleged influence-peddling by one of the most senior members of the president's inner circle.

Abromavicius said he could no longer withstand pressure from shadowy business interests that were trying to seize the cash flows of the vast but opaque defence and energy industries.

US State Department spokesman John Kirby called Abromavicius "one of those leaders who put Ukraine's interests above any personal interests of his own."

Kirby's statement appeared to signal Washington's worry that the new breed of Kiev leaders it had put its trust in were reverting to old habits of standing up for their respective business clans.

"The current crisis in Ukrainian politics is, first of all, a crisis of no confidence," experts from the George Soros-founded International Renaissance Foundation and 18 other Ukrainian research centres wrote in a letter to the president.

"For the consistent pursuit of reforms, there are only two ways out of this political crisis: a government cleanup and creation of a technocratic and professional government, or early elections -- probably not only parliamentary but also presidential ones."

- 'Apocalyptic alternatives' -
That prospect may have been one of the factors prompting Poroshenko to vow in a subsequent phone conversation with Lagarde to draw up "a roadmap of top-priority reforms that will give a boost to Ukraine-IMF relations."

The IMF chief had said bluntly that it was "hard to see how the ($40-billion, 35-billion-euro) IMF-supported programme can continue" without Ukraine making good on its promise to take radical streamlining steps ignored in the past.

But both Yatsenyuk and Poroshenko know they cannot survive without foreign assistance and that early legislative polls could return to power Russian-backed deputies who just might be enticed into warming Kiev's frozen relations with Moscow.

Ukraine's central bank chief further also warned that the mounting uncertainty was putting renewed pressure on the hryvnia just as it was starting to find its footing from a 68-percent slide against the dollar since the start of 2014.

"Without IMF support, we should expect devaluation and social instability," said Anatoliy Oktysyuk of Kiev's International Centre for Policy Studies.

"The alternatives (to IMF support) are not even currently being considered because they are all apocalyptic," Oktysyuk said.

- Forfeiting Ukraine's modest gains -

Yatsenyuk will have all these unsavoury prospects in mind when he accounts for his performance before Ukraine's increasingly agitated parliament on Tuesday.

He foreshadowed his performance on Thursday by promising foreign audits and new independent directors for Ukraine's top 50 state-held firms.

But many lawmakers have been sharpening their knives in advance of Yatsenyuk's appearance as they consider a possible vote of no confidence in the government.

They had already shown their resolve by blocking a constitutional change pushed by Poroshenko that the West hoped would end Ukraine's 21-month separatist conflict by giving limited special status to pro-Russian rebel-run parts of the east.

Analysts believe that deputies' instinctive desire to keep their jobs and avoid snap elections will keep Yatsenyuk in place and lead only to a minor government shakeup aimed primarily at preserving the current coalition intact.

"If the government fails in Kiev, it will have a direct effect on political and economic support from the West. Ukraine's many sceptics will gain the upper hand, and its few friends will face a steep uphill struggle," said Joerg Forbrig of the US-based German Marshall Fund policy research institute.

"Reduced assistance -- whether political, financial, administrative or military -- will eventually forfeit the modest gains Ukraine has made and expose the country's many vulnerabilities," Forbrig said.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ukraines graft problem tests western patience and resolve Arab Today, arab today ukraines graft problem tests western patience and resolve

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 08:51 2017 Saturday ,25 February

Shaking off dieselgate, VW races back into profit

GMT 08:48 2017 Saturday ,25 February

France's Macron takes on critics over 'vague' programme

GMT 10:10 2017 Friday ,24 February

France's Macron gets boost, but election is wide open

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday