World Bank Supports Ukraine’s Anti-Corruption Initiatives to Improve Business Climate
by Vikas Vij
The World Bank has come forward to support a new anti-corruption initiative in Ukraine aimed at improving the country’s business environment and stimulating sustainable economic growth. The Bank has signed a Protocol of Support, which endorses anti-corruption efforts of the Ukrainian Government, in association with the European Bank for Reconstruction and Development (EBRD), the Organization for Economic Cooperation and Development (OECD), and the Ukrainian business community.
The Bank is helping to promote good governance, transparency, and accountability in the public sector, including public procurement and public financial management in Ukraine. The goal is to strengthen the country’s regulatory framework and reduce costs of doing business, reform inefficient and inequitable utility subsidies and restructure the energy sector.
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Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.