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Clean-up crew
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Arseniy Yatseniuk, resigns as prime minister of Ukraine in April 2016, as his popularity declines with falling living standards and corruption scandals. The new government is still from the old political elite. Prices have gone up by 50% in recent years and GDP has fallen in the three years of conflict with Russia.This article in the Economist magazine says young civil activists in Ukraine are working hard to set up institutions- sometimes parallel institutions such as the Reanimation Package of Reforms of 50 non-governmental civic organizations- that wil give Ukraine better governance after decades of corrupt governments. Online coverage on corruption is increasing creating an environment where the poor governance of the past is no longer the norm.The IMF which has a $17 billion loan package for Ukraine has ceased disbursements till Ukraine can take action against corruption and improve governance. The IMF insisted on the formation of the National Anti-Corruption Bureau. As the U.S., EU, and NATO, come closer to Ukraine, during a period of tense relations with Russia, the quality of Ukrainian governance is an important issue for formerly Communist Eastern European countries and for the rest of Europe. It all depends on civic society and young people with new aspirations to change the way things are done.
Anti-corruption efforts in Ukraine and efforts to create an independent Prosecutor office
02/11/2015
Grouped Articles
Ukraine President Replaces Top Prosecutor
Wall Street Journal 02/11/2015
Economist 04/19/2016
Ukraine Struggles to Shake Off Legacy of Corruption
The New York Times 06/06/2016
Debt restructuring in Ukraine 2015-2016
07/03/2015
Grouped Articles
Mindful of Greece, Ukraine Is in a Rush to Line Up Debt Relief
New York Times 07/03/2015
What the United States Owes Puerto Rico
Wall Street Journal 08/14/2015
Ukraine and Top Creditors Agree to Restructure $18 Billion in Foreign Debt
New York Times 08/27/2015
Economist 08/29/2015
Economist 04/19/2016
The IMF's loan package conditional on structural reforms in Ukraine and a shrinking of GDP in 2014-2015
03/28/2014
The reforms will be painful for Ukraine. This includes a 50% increase in the price of natural gas, tax increases and spending cuts. The IMF will provide $18 billion in loans. The EU will provide $15 billion in grants and loans. The U.S. in comparison has made only a small token contribution of $1 billion in loan guarantees. EU help is made conditional on Ukraine implementing the IMF program. The prime minister of Ukraine says the GDP could drop by 10% without the IMF and EU loans and by 3% under the IMF program. The IMF has also called for audits of Naftogaz, Ukraine's gas company because of allegations of corruption. Ukraine has some of the earlier characteristics of Greece, in that corruption, mismanagement, inept politicians, large neighbor, and the IMF program of austerity measures, are all part of the picture in 2014.
Grouped Articles
IMF Reaches Deal to Provide up to $18 Billion to Ukraine
Wall Street Journal 03/28/2014
Rookie CEO Takes Over Ukraine Gas Giant
Wall Street Journal 03/28/2014
Parliamentary Elections Show Political Turmoil Is Continuing in Ukraine
New York Times 10/25/2014
Ukraine President Replaces Top Prosecutor
Wall Street Journal 02/11/2015
Economist 08/29/2015
Economist 04/19/2016
European Union trade agreement with Ukraine in 2014
04/09/2016
Grouped Articles
Washington Post 04/09/2016
Economist 04/09/2016
Economist 04/19/2016
Dutch Lawmakers Approve E.U. Trade Deal With Ukraine
The New York Times 05/30/2017
Debt negotiations to restructure Ukraine's $19 billion debt in 2015
08/13/2015
Grouped Articles
Wall Street Journal 08/13/2015
What the United States Owes Puerto Rico
Wall Street Journal 08/14/2015
Ukraine and Top Creditors Agree to Restructure $18 Billion in Foreign Debt
New York Times 08/27/2015
Economist 08/29/2015
Economist 04/19/2016
The EU's loan and grants package of $15 billion to Ukraine in March 2014
03/05/2014
For Ukraine the crisis has one positive aspect of assistance on better terms and prospect of recovery under guidance from the EU, and possibly the IMF. Before the crisis the EU faced with its own financial difficulties in the eurozone was reluctant to commit large scale assistance. A pro-western government in Kiev dependent on the EU, makes it easier for the EU to design the package so that the assistance works, and necessary conditions are provided by the Ukrainian government. Previous administrations in Kiev were mired in corruption, mismanagement of the economy, and Russian meddling or pressure, which the new government has the chance to avoid this time. Long term this could also offer the prospect of Ukraine- without the Russian speaking Crimea- joining the European Union.
Grouped Articles
Standoffs persist in Crimea as Kerry prepares to meet Russian counterpart - The Washington Post
Washington Post 03/05/2014
In Ukraine, Many See Polish Economy as a Blueprint
New York Times 03/13/2014
EU Faces Difficult Choices Over Ukraine
Wall Street Journal 03/22/2014
Gazprom Threatens Ukraine Supplies Over Late Payment
Wall Street Journal 03/28/2014
IMF Reaches Deal to Provide up to $18 Billion to Ukraine
Wall Street Journal 03/28/2014
Ukraine President Takes On Other Crisis: a Broken Economy
Wall Street Journal 06/09/2014
Ukraine politics and government 2014-2016
04/19/2016
Grouped Articles
Economist 04/19/2016
Ukraine Struggles to Shake Off Legacy of Corruption
The New York Times 06/06/2016
A Back-Channel Plan for Ukraine and Russia, Courtesy of Trump Associates
The New York Times 02/19/2017
Ukraine's crisis of poor governance- the new role of civic activists and young people in 2016
03/22/2014
Linked Articles
Economist 04/19/2016
EU Faces Difficult Choices Over Ukraine
Wall Street Journal 03/22/2014
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