IMF: Ukraine lost 2 percent of its GDP due to corruption

In a speech at the 8th Annual Ukrainian Investment Forum on Friday, the Resident Representative of the International Monetary Fund (IMF) in Ukraine, Gösta Ljungman, said that Ukraine's losses due to corruption amount to 2% of GDP.

"In Ukraine, there is no genuine fight against corruption. Corruption costs Ukraine 2% of its economic growth, so the fight against it is an issue of economic prosperity," Ljungman said.

He stated that the next important step in this direction should be the creation of an Anti-Corruption Court, which is one of the criteria for obtaining the next tranche from the IMF.

According to forecasts by the National Bank of Ukraine (NBU), Ukraine's GDP in 2017 will increase by 2.2%.

  IMF, Ukraine, corruption, GDP