Prime Minister held first constituent meeting of the Economic Development Council of Ukraine

The Economic Development Council of Ukraine is currently working on a series of economic strategies for coping with the consequences of the spread of the COVID-19 coronavirus.

On Friday, April 10, the first inaugural meeting of the Economic Development Council of Ukraine was held under the chairmanship of the Prime Minister of Ukraine Denys Shmyhal.

The meeting was also attended by Minister of Economic Development, Trade and Agriculture Ihor Petrashko, Deputy Director of the National Institute for Strategic Studies, Secretary of the Council Yaroslav Zhalilo, Director of Ptoukha Institute for Demography and Social Studies of NAS of Ukraine Ella Libanova, Senior Fellow at the US Atlantic Council Anders Åslund, Advisor to the President of Ukraine Oleh Ustenko, Managing Partner at the Capital Times Eric Nyman, Professor at Columbia University Willem Buiter and Professor of Economics, Finance and Risk Management at Kyiv Mohyla Business School Pentsak Eugene.

Opening the meeting, the Head of Government noted: “We are faced with a number of challenges caused by the coronavirus pandemic and its effects. First of all, it affects the economy.”

According to him, as of today, the Council is already working on an economic strategy. He noted that the Ministry of Economic Development, Trade and Agriculture and the Ministry of Social Policy are engaged in elaborating programs to stimulate business development, support of small business, repayment holidays and support for people who need it.

“The objective of our Council is to create several strategies. The first is the development of a comprehensive set of rapid measures that the Government could take to work aimed to respond to the pandemic. The second is the steps we need to take to spur the economy. And the third is a long-term development strategy of Ukraine,” the Prime Minister emphasized.

The members of the Council decided to meet on a regular basis.

As a reminder, the Economic Development Council of Ukraine was established on April 8 this year.