OECD presents Economic Outlook for Ukraine to public sector representatives

On 7 May 2025, Kyiv hosted a discussion of the Economic Outlook for Ukraine prepared by the Organisation for Economic Co-operation and Development (OECD). The event brought together representatives of the Ministry of Economy, the National Bank of Ukraine, the Ministry of Finance, the Ministry of Agrarian Policy and Food, the Ministry of Digital Transformation, the Secretariat of the Cabinet of Ministers of Ukraine, the Office of the President of Ukraine, and other government agencies.

The OECD officially presented the document on 6 May during a meeting between OECD Secretary-General Mathias Cormann with Prime Minister of Ukraine Denys Shmyhal and members of the Government. The next day, OECD representatives presented the report's key analytical findings and recommendations to public sector representatives.

The Ministry of Economy was represented at the meeting by Deputy Minister of Economy Andrii Teliupa. Specialists from relevant departments also joined the discussion.

"This report is not just an external assessment for us. It is a benchmark that confirms the accuracy of the reforms path we are working on: production development, public investment management, deregulation, and business support. The OECD recommendations also help us focus resources on what will have the greatest effect on the recovery," said Andrii Teliupa, Deputy Minister of Economy of Ukraine.

The Economic Outlook has been prepared as part of a four-year cooperation programme between Ukraine and the OECD, which includes 31 projects. The project was implemented with the support of the European Union, as well as the governments of the United States and Poland.

The document contains an analysis of the current state of Ukraine's economy and outlines three main areas for structural change:

• Ensuring macro-financial stability and fiscal sustainability.
• Workforce strengthening, in particular through increased participation of women, veterans, and people with disabilities in the labour market.
• Developing a competitive business environment, in particular through the reform of state-owned enterprises, transparent regulation, and the development of the capital market.

During the discussion, the participants focused on combating informal employment, managing state property, improving demographic statistics, supporting SMEs and attracting private investment.

The Ukrainian side thanked the OECD experts for their insightful analysis and stressed that most of the recommendations are already being integrated into the state economic policy.

Background information

The OECD is an international organisation that brings together economically developed countries and sets global standards in economic, financial, investment and trade policy. The Economic Outlook for Ukraine is one of the key instruments of cooperation that allows us to use the best international practices to restore and transform the Ukrainian economy.