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Through International Financial Institutions and other multilateral organisations, the Good Governance Fund will support a series of governance and economic reform initiatives, aimed at building stability, reducing poverty and increasing prosperity in Ukraine, Georgia, Moldova, Serbia and Bosnia and Herzegovina (BiH). The support will focus on areas such as: anti-corruption; improving the business environment; judicial reform; key sector reforms (e.g. banking and energy); strengthening the rule of law; and supporting an independent media. This project was approved before the referendum on the UK’s membership of the EU. Work is now under way to understand the implications of leaving the EU for the UK’s development work