The International Monetary Fund (IMF) is set to introduce a new requirement for Ukraine as part of its financial assistance program. This requirement will mandate Ukraine to undertake significant changes to its customs code.
The objective behind this condition is to enhance Ukraine’s ability to combat corruption specifically within its customs administration. Corruption in customs operations can lead to substantial economic losses, undermine trade integrity, and hinder economic development.
Accordingly, the IMF’s insistence on reforming Ukraine’s customs code underscores its commitment to promoting transparency, accountability, and efficiency in the country’s economic governance.
The measure aims to strengthen institutional frameworks, improve compliance with international standards, and foster a more conducive environment for sustainable economic growth in Ukraine.
According to a memo from the Washington-based lender published on Saturday, Kyiv will be required to undertake several specific measures. These include aligning its customs operations with European Union legislation, enhancing the integrity of personnel within the customs administration, and implementing a merit-based and transparent hiring process for staff.
These reforms are aimed at improving the efficiency, accountability, and credibility of Ukraine’s customs operations, in line with international standards and expectations.