Ukrainian prime minister praises level of cooperation with World Bank
Prime Minister of Ukraine Volodymyr Groysman said this during a meeting with Cyril Muller, the Vice President for the World Bank's Europe and Central Asia region, the Government portal reported.
"We praise the level of our cooperation. We feel the support in reforming Ukraine as well as in introducing financial and economic stability. We managed to adopt a balanced budget in time in November 2018, to continue cooperation with the International Monetary Fund and to ensure smooth beginning of 2019. It goes without saying that we will continue to reform the country and cooperate with key international partners, including the World Bank. We are committed to preserving high pace of our cooperation," the prime minister stated.
According to Groysman, the reforms, which are implemented inter alia with the support of the World Bank, yield results. The economic growth in the third quarter of 2018 amounted to 2.8%, inflation is slowing down, budget deficit is decreasing. Ukraine strengthens positive trends and switches to medium-term budget planning.
The head of government noted that support of international partners for Ukraine provided added momentum to make changes in all spheres of life - from establishment of a favorable business climate and modernization of the financial and energy sectors to the adoption of new principles of public administration.
It should be noted that cooperation with the World Bank is enhanced by specific joint projects in agribusiness, industry, corporate governance, infrastructure, education and overall development of human capital in Ukraine.
The World Bank is one of the largest institutional investors in Ukraine. During all years of cooperation, the World Bank approved up to 55 projects with a total value of $12 billion. As of January 2019, eight joint investment projects worth over $2.4 billion were implemented and one guarantee project worth $750 million. Projects cover various areas, including energy, road transport, social assistance, health care development, small and medium business.
