From June 3 till June 5 Ukraine hosted the meeting of IMF
and World Bank member states in Kyiv which was chaired by the Netherlands. The
meeting was attended by ministers of finance and heads of the national banks of
15 countries. The meeting, which was conducted in Ukraine for the first time,
had been opened by President of Ukraine Petro Poroshenko, Minister of Finance Oleksandr Danylyuk as well as by
Head of the National Bank of Ukraine Valeriya Gontareva who also represents Ukraine in the IMF.
In his greeting to the meeting participants President of
Ukraine Petro Poroshenko thanked the ministers of finance and heads of the
national banks of 15 participating countries for their consistent support for
“Your help and solidarity are important for the success of
Ukraine on its way to macroeconomic stabilization”, the Head of State said.
Petro Poroshenko also emphasized that Ukraine is committed
to the reforms which have been actively implemented jointly with the IMF and
the World Bank. He appealed to international partners to consolidate their
efforts in supporting Ukraine which is already establishing favorable
conditions for international business and investments.
“Tackling corruption remains our top priority. Within the
last 9 months we founded the independent Anti-Corruption Bureau in the course
of our effective cooperation with partners from the USA and the EU and by
implementing best international practices“, the President pointed out.
Minister of Finance Oleksandr Danylyuk also thanks the meeting participants for their
support for Ukraine on its way of reforms and mentioned that Ukraine is now
back on the growth track thanks to the close and fruitful cooperation with the
IMF and the World Bank.
“Ukraine is back to growth. This became possible due to the
support we have been receiving from the IMF, the World Bank and all member
states. Political instability in Ukraine is already overcome. The new
Government is resolute in its plans to implement irreversible positive changes
for the sake of growth and prosperity in Ukraine”, Oleksandr
Head of the National Bank Valeriya
Gontareva mentioned that Ukraine had managed to
overcome its most acute problems and to achieve positive changes thanks to the
support of the IMF, the World Bank and their member states.
“For the National Bank of Ukraine and for me personally it
is a big honor to welcome the meeting participants in
Kyiv. We highly appreciate support of
our group members which we received within our cooperation programs. The
Extended Fund Facility (EFF) opened a “window of opportunities” for Ukraine,
and we are trying to use these opportunities in full scope”, the Head of the
National Bank of Ukraine said.
Executive Director of the World Bank Frank Heemskerk expressed his thanks to the hosting side and
stressed that Ukraine had been confronted with huge economic challenges
including acute issues in the public administration as well as the military
“I am proud that after the Maidan in 2014 the World Bank was
the first international financial organization which offered Ukraine a
financial aid package with clearly set conditions, volume and commitments. We
provided Ukraine financial aid amounting USD 2.4 billion and provided further
USD 2.4 billion for various investment projects”, the Executive Director of the
World Bank said.
Executive Director of the World Bank Menno Snel thanked the Ukrainian side for the organization of the
meeting and said that he had a great pleasure in the meeting of the Regional
group of the IMF and WB member states.
“We have been conducting joint meeting of the Regional group
of the IMF and WB member states since 1995. I think that such meetings offer an
opportunity not only to meet each other on the bilateral level, but also on the
level of the Regional group or even on the family level to share opinions on
various relevant issues as well as to discuss current economic trends. Our
Regional group of the member states of the IMF and the WB serves as a platform
for staging fruitful official and informal meetings and discussions”, Menno Snel said. – For me personally, this is the last Regional
group meeting. It was a great honor for me to
represent a number of countries in the Executive Board of the World Bank and to
witness all your efforts and hard work as well as to help the member countries
of this Regional group on their way of changes and reforms.”
Menno Snel also mentioned that the
member states of the Regional group had already had two meetings on Friday,
including one meeting with students at the Institute for International
Relations of Kyiv Taras Shevchenko University.
“Frankly speaking, I was astonished by the fact that our
meeting, scheduled for Friday afternoon, attracted more than 250 students,
despite the great weather outside. All students spoke perfect English, were
full of enthusiasm and asked questions about the IMF program and the plans of
the Government of Ukraine to develop the country. This remarkable human capital
means that Ukraine has a great and successful future”, the Executive Director
of the IMF concluded.
During the panel discussion representatives of the IMF and
World Bank member states discussed issues including sustainable economic
prospects for the member countries of the Regional group, global trends and
drivers for commodity prices as well as the economic implications of migration.