Business news from Ukraine

Ukraine’s reconstruction will be more effective if funds used transparently

14 June , 2023  

Ahead of a conference on Ukraine’s reconstruction, G7 Ambassadors met with the Association of Ukrainian Cities, representatives of Transparency International, DEJURE Foundation, Anti-Corruption Action Centre and RISE Network Ukraine to discuss the importance of autonomous local governance, strengthening anti-corruption institutions and transparency of reconstruction funding, the G7 Reform Support Team in Ukraine said in a statement.
“Decentralization has been a major reform success for Ukraine, and autonomous local government has become a key part of Ukraine’s resistance and sustainability. It is important that local governments are empowered and equal partners in reconstruction planning,” the microblogging Twitter stresses.
It is noted that in order to get the most out of reconstruction funding, transparency and accountability are key. Citizens, civic organizations, and the media must have access to data on reconstruction plans, funding allocations, and implementation, and journalists, civic organizations, and anti-corruption agencies must be able to investigate the use of funds.
“Empowered local authorities, transparent and accountable funding, and strong anti-corruption institutions will all be needed to ensure that Ukraine’s reconstruction proceeds as quickly and effectively as possible,” the G7 Ambassadorial Group emphasized.