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Prime Minister to the leadership of EBRD: We are grateful for the unwavering support of the process of implementation of reforms
05.07.2017 | 21:52

The Government of Ukraine deeply appreciates the cooperation with the European Bank for Reconstruction and Development (EBRD) in pursuing reforms and carrying out projects in the real sector of the economy. This statement was issued by Prime Minister of Ukraine Volodymyr Groysman in the course of the meeting of the Board of Directors of the EBRD.The Head of Government took part in the meeting within the framework of the official visit to the United Kingdom of Great Britain and Northern Ireland.

I want to express immense gratitude to the European Bank for Reconstruction and Development for the assistance connected with the specific programs, reforms which are being implemented. Over the past years, we have managed to ensure macroeconomic stabilization as well as to restore economic growth and we have positive indicators of economic growth in 2017. The economy is beginning to recover and it is of utmost importance to implement systemic reforms. We are committed to achieve this target and your support is very essential, stressed Volodymyr Groysman.

He added that the devotion to the course of reforms already brings its results and achievements, namely adoption of anti-corruption legislation, deregulation of the gas market, introduction of electronic public procurement system as well as a system of electronic asset declarations for civil servants, putting in place the civil service reform and the transition to medium-term budget planning.

According to the Prime Minister, the Government has singled out five fundamental reforms that will enable the country by 2020 to protect macroeconomic stability, to accelerate economic upturn and to restore justice in the country. The issues at stake here are pension and healthcare reforms that have been already submitted to the Parliament, a large-scale privatization under the new legislation, which has already been discussed in the Cabinet of Ministers of Ukraine and has been sent for consideration to the President of Ukraine, as well as a land reform and an education reform.

Moreover, a separate line of the reform agenda is the creation of a favorable business environment, not only through the establishment of institutions but also through proper regulatory decisions. The institutional innovations include the establishment of the Investment Promotion Office and the National Committee for Industrial Development, which activities are aimed at restoring cooperation between industrial enterprises and the Export Promotion Office. Smart regulation focuses on simplifying tax administration and reducing corruption risks in the work of controlling agencies. The best indicator of the effectiveness of the measures taken by the Government is that the European Business Association Investment Attractiveness Index characterized Ukraines investment environment as the best its been in six years.

The Government intends to avoid over-regulation, to restore institutional capacity and to strengthen decentralization, which is one of the most successful reforms in the country. We granted more power for local governance, conducted deregulation and now we are in line to move forward, emphasized the Head of Government.

In turn, EBRD President Sir Suma Chakrabarti hailed the level of cooperation between the European Bank for Reconstruction and Development and Ukraine. He stressed that this is due to the result of a large number of reforms that are being implemented by the Government after the Revolution of Dignity, for this very reason, EBRD will continue to support Ukraine in carrying out fundamental transformations.



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