Reforms matrix provides for competition for ARMA leadership during year – Ministry of Finance
The reforms matrix, prepared by the Cabinet of Ministers in cooperation with the World Bank and presented by the Ministry of Finance, provides for the holding of a competition for senior positions at the National Asset Recovery and Management Agency (ARMA) within year, according to the updated law on this agency.
"Amend the law on ARMA to allow an open, competitive, and merit-based selection of the leadership with required integrity checks; Ensure new competition for ARMA leadership within one year," the Ministry of Finance lists two of the six conditions in this section.
According to other points, amendments to the law on ARMA must provide an independent external system for assessing the effectiveness of its work and a transparent procedure for the management and sale of seized assets under the control of the agency.
In addition, an Asset Recovery Strategy until 2025 inclusive should be developed and implemented, the purpose of which is to ensure the institutional capacity of ARMA, as well as increase the efficiency of financial investigations, asset recovery and management.
Advertising
Advertising
MORE ABOUT
Ukrnafta and ARMA apply to AMCU for permission to manage Tatneft assets
11:04, 07.05.2024
Rada allows ARMA to buy FX govt bonds
19:42, 23.04.2024
Financial results of Vozdvyzhenka RC LLC for 3 months of 2024
17:58, 22.04.2024
Vozdvizhenka residential complex asks authorities to intervene in ARMA's trying to replace manager of seized assets
20:09, 17.04.2024
RC Vozdvyzhenka Appeals to President and National Security and Defense Council on Risks to Institution of Seized Property Management Due to ARMA's Actions
15:25, 17.04.2024
LATEST
Naftogaz Group receives UAH 23.1 bln net profit in 2023 against UAH 79.1 bln loss in 2022
12:52, 07.05.2024
After opening of sea exports, Metinvest increases workload of factories, directs efforts to retain teams – HR Director
20:17, 06.05.2024
Kamet Steel plant carrying out major overhaul of cable rack at coke chemical division for uninterrupted power supply
19:52, 06.05.2024
Business expectations in Ukrainian construction market in Q2 decrease by 1.1 pp – statistics
19:16, 06.05.2024
Four MPC members expect reduction of key policy rate to 11.5-12% by late 2024, remaining 7 expect fall to 13% – NBU