The Economist quotes Dinu Patriciu Eurasia Center Resident Senior Fellow Anders Aslund on how Ukraine is progressing on making banking more efficient and cutting wasteful public spending: 

Dramatic spending cuts have also helped right the government’s finances. The budget is in surplus so far for 2015. Anders Aslund of the Atlantic Council, a think-tank, says that in two years it has reduced public spending from 53% of GDP to 46%.


So far the National Bank of Ukraine (NBU), the central bank, has done a good job of cleaning up the banks. In one-and-a-half years about 60 of the 180-odd banks that existed before the crisis have been shut down, says Mr Aslund. (Fifty more need to go, he adds.)

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Related Experts: Anders Åslund