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| Chart 1. ³MoRe Dynamics |
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The iMoRe value for the 13th monitoring period (June 22nd – July 5th, 2015) decreased to +0.4 points out of a possible range from -5.0 to +5.0 points. This is one of the lowest index values since the start of monitoring. |
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Chart 2. ³MoRe and its components in the current round |
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Chart 3. Value of ³MoRe components and number of events June 22– July 5, 2015 |
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There were only few events in this monitoring period. The highest grade was assigned to the law 490-VIII allowing co-financing of reconditioning and reconstruction of principal roads from local budgets (+2.0 points). According to expert Taras Kachka from Ukraine Reforms Communication Taskforce “There is an active optimization of financial relations between center and local authorities. Apparently this is an ad hoc decision for the decentralization period. The solution is appropriate in these conditions”.
Transfer of management of two higher education institutions (the University of Banking and the Ukrainian Academy of Banking) from the National Bank of Ukraine to the Ministry of Education scored +1.0 point (CMU decree # 666-ð). Experts positively assessed the fact that the NBU terminated non-core activities. As a result, Governance and Anti-corruption sector as a whole received +1.0 points.
The same grade (+1.0) was assigned to Industrial Organization and Trade Policy sector. Experts gave +1.0 points to the Cabinet of Ministers decision (#449) to abandon reference pricing for wholesale price declaration of medicines and medical products. Reference pricing system is designed to control the amount of public spending on medicines as the reference price is the upper limit of spending. Since rapid UAH depreciation exceeded declared wholesale prices increase allowed by the legislation, provision of subsidized medicines to socially disadvantaged groups has been hampered. Experts positively assessed the development since reference pricing in this form was inefficient.
At the same time, three other sub-indices, Public Finance. Monetary Policy and Financial Markets and Energy Independence, scored 0.0 points as there were no significant events.
Source: http://voxukraine.org/2015/07/10/index-of-reform-monitoring-imore-release-13/#imageclose-11914
