UKRAINE: Zelensky losing trust as reforms stall

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The independence of anti-corruption agencies, reforms in the judiciary and the phase-out of energy subsidies are among the main prerequisites for the renewal of IMF lending. Quick reform progress appears unlikely due to limited political will and capacity to advance difficult systemic changes as well as a manageable fiscal situation in the near term. The plummeting popularity of the ruling Servant of the People party could trigger cabinet changes in the coming months, but the risk of early election remains low for now. The International Monetary Fund (IMF) on 13 February withh
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