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Presentation_balcerowicz

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iMoRe Index Presentation

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  1. 1. VoxUkraine Index for Monitoring of Reforms (iMoRe) Index of economic reforms pace is based on periodic expert-surveys on new laws and regulatory acts along five directions: 1) governance and anti-corruption 2) public finance; 3) monetary policy and financial markets; 4) industrial organization and foreign trade and 5) energy independence. Index website - http://imorevox.in.ua Can take values from -5 to 5, with values above 2 considered by experts to be an acceptable pace of reforms.
  2. 2. iMoRe Index Components iMoRe Index shows significant speeding up of reforms post-IMF package. Reforms in two areas considered to have acceptable pace – Governance & Anti- Corruption and Industrial Organization & Trade Policy. Deregulation has played important part in both cases. 0 0.5 1 1.5 2 2.5 Governance & Anti-Corruption Public Finance Monetary Policy & Financial Markets Industrial Organization & Trade Policy Energy Independence iMoRe pre-IMF package post-IMF package
  3. 3. Three best and three worst performers Individual laws and regulatory acts can score higher than 5 due to values being summed up for different areas. The amount of negative performers is low – 2 out of 112 laws and regulatory acts analyzed (additional three scored 0). -6 -4 -2 0 2 4 6 8 10 Tariff hike Bank owners' accountability increase law Natural gas law Additional import fee Limits on executive branch salaries State budget for 2015 (pre-IMF amendments)

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