NBU okays anti-corruption program

The National Bank of Ukraine (NBU) has approved an anti-corruption program for 2016-2017, according to a posting on the regulator`s website.
The program is designed to provide an effective system for preventing and combating corruption based on new principles of development and implementation of the anti-corruption policy, as defined by the Law of Ukraine ”On Prevention of Corruption” and the Anti-Corruption Strategy for 2014-2017, the NBU said.
”The program determines basic principles of the NBU`s anti-corruption policy, major corruption risks in its activity, objectives and measures to address the issue,” the posting reads.
The program is expected to help reduce the impact of corruption on the regulator`s activity, create an effective mechanism for the monitoring of compliance with the requirements of anti-corruption legislation by the NBU, ensure the development of intolerance and negative attitudes among the NBU officials towards corruption.
As UNIAN reported earlier, in February of this year, IMF Managing Director Christine Lagarde stressed that Ukrainian authorities should focus on the need to effectively combat corruption, since the lack of progress regarding this issue posed a risk to further cooperation between Ukraine and the IMF and a suspension of a four-year $17.5 billion Extended Fund Facility approved in 2015.

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