Western standard corporate governance of state companies is a key demand of the IMF

Western standard corporate governance of state companies is a key demand of the IMF under the $5 billion Standby Agreement reached last month. On Wednesday, the IMF’s representative to Ukraine declined to answer a question on whether the program is on track. “I will refrain from answering,” Goesta Ljungman, the representative, said in an online discussion. “We have a program with Ukraine. In that program, Ukraine has made a number of commitments.” In response, Finance Minister Serhiy Marchenko assured Reuters: “Ukraine continues to fulfil its commitments under the IMF memorandum.”