iMoRe Index Presentation

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. 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. 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)