09/08/2018 - Corruption is one of the main obstacles to carrying out long-awaited reforms of state-owned enterprises (SOEs) in Ukraine, according to a new OECD report.
SOEs make up a substantial part of the Ukrainian economy, provide key public services, and represent the largest employer in the country. However, most operate at a loss and the biggest are mired in corruption and political graft scandals.
While the government recently announced major SOE reform, it has so far failed to ensure a clear role of the state as owner and proper supervision to protect them from political interference.
The report identifies areas that need to be addressed and makes a number of recommendations to Ukraine, including to:
The full report and recommendations is available here.
The report is published under the Istanbul Anti-Corruption Action Plan, an initiative launched in 2003 under the Anti-Corruption Network for Eastern Europe and Central Asia (ACN), which is a part of the OECD Working Group on Bribery's outreach work. More information is available at www.oecd.org/corruption/acn/.
For further information, please contact Tanya Khavanska at the OECD’s Anti-Corruption Division at +33 1 45 24 91 39 or Tanya.KHAVANSKA@oecd.org.
Working with over 100 countries, the OECD is a global policy forum that promotes policies to improve the economic and social well-being of people around the world.