Ukraine has won victories on the battlefield against Russia but faces a looming challenge on the economic front.
To get loans, the commission proposed requiring Ukraine to improve its record on corruption. Since 2014, Ukraine has raised its score on Transparency International's corruption perceptions index from 26 to 32 out of 100 — not great, but improving.
The IMF has given Ukraine $1.4 billion in emergency aid and $1.3 billion to cushion the shock from lost food exports.that the Washington-based fund is working on more assistance in cooperation with the Group of 7 wealthy democracies, chaired this year by Germany. However, for a larger loan program of $15 billion to $20 billion, it goes against IMF practices to lend money where the debts are not sustainable, and the war raises questions about that. The organization has been reluctant to lend to countries that don’t control their territory, a condition Ukraine does not yet meet.
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