The Minister of Finance of Ukraine Olexandr Danyliuk took part in a regular joint review of the World Bank portfolio for Ukraine.
While revising the Minister stressed the importance of the participation of the World Bank in the reform process aimed at modernizing and restructuring of the national economy, in particular, the introduction of new approaches to budget planning in the framework of a public financial management reform, changes in the system of social protection and health care and so on.
It is worth noting that during such considering of the project portfolio the process of implementation of joint projects is discussed and further steps agreed to ensure efficacy of their realization.
Furthemore, the participants of such meeting tackle the state of implementation of the preliminary approved Action Plan on the introduction of a portfolio of investment projects in Ukraine and approve the Action Plan for the next half-year.
Permanent and systematic monitoring of the project implementation enhances the effectiveness of cooperation with the International Bank for Reconstruction and Development (original World Bank institution), in particular, facilitates an increase in volumes of allocated on projects funds and accelerates their implementation, as well as finding a solution to the problems which occurred in the process of the project implementation.