13:44 03.11.2017

Corruption costs 2% of GDP every year to Ukraine

Corruption costs 2% of GDP every year to Ukraine

Corruption in Ukraine every year costs 2% of GDP to the country, Resident Representative in Ukraine of the International Monetary Fund (IMF) Gösta Ljungman has said.

Corruption is not only the issue of justice, but this is an important economic issue, he said in Kyiv on Friday, speaking at the Ukrainian Investment Forum organized by CFA Society Ukraine.

He said that according to the IMF's assessments, corruption every year costs 2% of economic growth to the country.

He said that the further economic restoration of Ukraine and welfare of population directly depends on settling this issue.

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