World Bank joins calls for creation of Ukraine anti-corruption court

2018/1/18 15:53:10

Analyst: “At this point, it’s hard to say whether Poroshenko will be willing to concede more in the anti-corruption court, or in the gas price hike, in his ultimate deal with the IMF to secure the next loan tranche. And it’s hard to predict what compromises the IMF itself will accept.”


KYIV, Jan 18, 2018 - The World Bank weighed in on Jan. 16 in placing Western pressure on the Poroshenko administration to approve legislation to create the High Anti-Corruption Court in line with Western standards, Concorde Capital informed clients in an online advisory. The parliament must amend the president’s submitted bill to meet the standards of the Venice Commission of the Council of Europe in order for Ukraine to qualify for USD 800 mln in lending. Most of the World Bank’s demands were the same as those mentioned by the IMF but they most differ in what procedure must be applied to amend the legislation, reported the eurointegration.com.ua news site, which published a copy of the letter that was addressed to the Presidential Administration and parliament.

 

In response to the intensifying pressure, the Poroshenko administration issued a press release the evening of Jan. 16 in which the president assured Western diplomats and officials in a meeting that day that the process of launching the court would begin this year. The president invited them to “constructive work within the framework of democratic parliamentary procedures” after the bill is approved in the first reading. At the same time, he stressed the need to “uphold the Ukrainian Constitution, the principles of Ukrainian sovereignty and Ukrainian legislation.”

 

Concorde analyst Zenon Zawada added: “The Western establishment has found the Achilles Heel of not only the Poroshenko administration in its campaign of resisting reforms, but the entire Ukrainian oligarchy. And Poroshenko is resisting this Western pressure not only in his own self-interest, but in the interests of Ukraine’s ruling elite. The president’s comments confirm this, indicating that he won’t allow Western officials to fully determine the conditions of the anti-corruption court.

 

“We expect Poroshenko will lead the effort to approve the legislation in line with a likely compromise with the IMF that will enable him to avoid politically risky hikes in natural gas prices that are being demanded. At this point, it’s hard to say whether Poroshenko will be willing to concede more in the anti-corruption court, or in the gas price hike, in his ultimate deal with the IMF to secure the next loan tranche. And it’s hard to predict what compromises the IMF itself will accept.”

 

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For more information, link here: www.concorde.ua 

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