MainPolitical

Ukraine's reform index shows their absence for first time

The authorities did nothing in two weeks.

The reform monitoring index (RMI) calculated by a group of VoxUkraine economists for the past two years has for the first time sank to zero.

From 9 to 22 January, Ukraine did not pass a single regulation which could be considered as facilitating reform (based on the index methodology), VoxUkraine has said on its website.

The average index for 2016 was 0.9 out of 5 and in 2015 it was 1.2 points. The peaks were registered in the first half of 2015 when Ukraine held negotiations with the IMF on the Extended Fund Facility programme and was preparing to receive the first tranche. During this period the average index value was 2 points and more.