KYIV, Nov 25 – The updated Memorandum of Economic and Financial Policies of Ukraine signed with the International Monetary Fund (IMF) contains an obligation to implement effective and transparent judicial reform consistent with European judicial standards.

"We will strengthen the rule of law by ensuring the independence, integrity, and accountability of the judiciary. We will ensure that the judicial selection processes and disciplinary mechanisms are managed and implemented by persons with high competence, trustworthiness, and integrity consistent with European judicial standards and Venice Commission opinions," the government said in the memorandum published by the IMF on Wednesday.