Ukraine Reforms Tracker Weekly — Issue 13
The Kyiv Independent is republishing with permission.
Ukraine's Parliament to review High Administrative Court bill, but passage uncertain
Ukraine's Parliament, the Verkhovna Rada, is set to review bill #12368-1, which proposes the establishment of the High Administrative Court, during the first plenary week of its new session. The bill, authored by Serhiy Vlasenko from the Batkivshchyna faction, faces an uphill battle, as it does not align with the International Monetary Fund (IMF) memorandum requirements and is unlikely to secure enough support for passage. Moreover, the Committee hasn't made a decision regarding this draft law yet.
As previously reported, this version of the bill assigns jurisdiction over cases related to the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor's Office (SAPO) competitions and audits to the Kyiv City District Administrative Court (KMOAC). Additionally, it proposes creating a separate Kyiv City Administrative Court of Appeal for appeals — an approach that diverges from Ukraine's commitments under the IMF's Memorandum of Economic and Financial Policies (MEFP).
Meanwhile, another IMF structural benchmark, the repeal of the "Lozovyy amendments" on pre-trial investigation deadlines, remains absent from the legislative agenda — despite its original December 2024 deadline.
The session's procedural uncertainty was further highlighted on Feb. 4, when lawmakers failed to secure enough votes to approve the 2025 parliamentary legislative plan and session agenda.
Read also: As US cuts Ukraine funding, EU's lending arm steps in with nearly 1 billion euros in investments
Ukraine's Parliament to debate ARMA reform bills
This week, Ukraine's Verkhovna Rada will consider several bills aimed at reforming the Asset Recovery and Management Agency (ARMA). The agenda includes the government-backed draft law #12374, along with two alternative proposals — draft law #12374-1, sponsored by MP Tkachenko, and draft law #12374-2, introduced by MP Oleksii Movchan.
The legislative amendments is a key requirement under the Ukraine Facility plan, with a Q1 2025 deadline. The reform package seeks to enhance the appointment process for ARMA's leadership, ensuring an independent selection process, as well as introducing external audits and performance evaluations to improve accountability.
Zelensky backs completion of Khmelnytskyi nuclear power plant reactors
Ukrainian President Volodymyr Zelensky has publicly endorsed the completion of the Khmelnytskyi Nuclear Power Plant expansion project, calling it a cornerstone of Ukraine's energy independence and regional stability.
'The completion of this project is key to Ukraine's energy independence and the region's energy security. It is important that Ukrainian lawmakers support this initiative,' Zelensky said in a Feb. 4 video address.
However, MPs and anti-corruption NGOs raise concerns over the financial feasibility of the project. Investigative outlet Nashi Groshi reported that Ukraine is expected to pay $1.1 billion to acquire old Russian-made reactors from Bulgaria, with additional construction and installation costs still undetermined. Six years ago, the project's estimated cost was Hr 80 billion ($2 billion at the time), but state nuclear operator Energoatom has now launched a tender for a revised cost assessment.
Read also: Parliament approves controversial purchase of Russian nuclear reactors from Bulgaria
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Trump trade policies less damaging than expected: IMF
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Trump's trade war hasn't harmed global growth outlook yet, says IMF
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IMF lifts 2025 GDP emerging economies' outlook on improved China view
By Rodrigo Campos NEW YORK (Reuters) -The International Monetary Fund raised its outlook for economic growth across emerging market and developing economies this year to 4.1% from 3.7%, driven by frontloading and a more upbeat view on China. In an update published on Tuesday to its flagship World Economic Outlook report, the IMF also nudged its 2026 economic growth forecast for emerging economies up to 4.0% from 3.9%. China received the largest upgrade with the IMF predicting the world's number two economy would expand 4.8% this year compared with a previous forecast for 4.0%. "This revision reflects stronger-than-expected activity in the first half of 2025 and the significant reduction in U.S.–China tariffs," the IMF said, adding that the latest forecasts assumed the U.S. effective tariff rate at 17.3% rather than the 24.4%, which formed the basis of its calculations in April. The IMF also noted that for all countries "pauses on higher tariffs are assumed to remain in place past their expiration dates and higher rates are assumed not to take effect". China posted 5.2% growth in the second quarter, but cracks are showing in the export-led economy at the center of the trade war. Beijing is facing an August 12 deadline to reach a durable tariff agreement with Washington, after reaching preliminary deals in May and June. Many countries will see higher duties starting later this week. Negotiations continue Tuesday in Stockholm. Risks for the outlook are tilted downward, the IMF said, given the "precarious equilibrium of trade policy stances assumed in the baseline." The IMF said Brazil would further decelerate if additional U.S. tariffs were imposed. Growth in Latin America's largest economy is seen at 2.3% this year from 3.4% in 2024. The upgrade for emerging markets reflects a more optimistic outlook globally by the IMF, which nudged global GDP growth forecast up to 3.0% for 2025 and to 3.1% in 2026. However, those levels still mark a downgrade on the Fund's projections made in January. While most individual economies received upgrades, Russia and South Korea were the exceptions. Russia's economy is now seen expanding 0.9% this year, from a previous view of 1.5% growth. South Korea's new 0.8% GDP growth forecast for 2025 compares with 1.0% previously. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data