The comprehensive cooperation with international partners, in particular with leading international financial institutions, is an important element of the Government's international policy and an integral part of the course for economic growth. Prime Minister of Ukraine Volodymyr Groysman issued this statement during a meeting with the delegation of the World Bank Group, which is currently on a visit to Ukraine.
"We praise the level of cooperation and consider it to be high. The potential for our cooperation is enormous", the Head of Government stressed. He briefed about priorities in the work of the Government, inter alia the growth of the economy and reforms in education, medicine, pension systems, and in energy and public sectors. "We also work systemically on issues of deregulation, business climate, on the completion of the creation of anti-corruption infrastructure, the key element of which should be the launch of the work of Anti-corruption court. This will be a signal that Ukraine creates mechanisms for fighting corruption," Volodymyr Groysman underscored.
In turn, representatives of the World Bank commended that the Government has made significant progress in reforming the country, but there are new challenges and achievements ahead.
Therefore, the ability to overcome difficulties and to achieve goals is a guarantee for further accomplishments.
The participants of the meeting agreed that financial support of Ukraine on the path of reforms should be adequate to those goals and challenges facing Ukraine today.
"At the same time, we fulfill large volumes of work, in particular a comprehensive civil service reform, decentralization, education, health care, public procurement, energy sector, infrastructure, reforms of armed forces and national police, This is just a small list of what we do simultaneously. In fact, we are building a new country amid fighting on the frontline and huge losses due to the annexation of our territories ", the Prime Minister emphasized.
The World Bank Group consists of five organizations (The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), The International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). The goal of these institutions is to provide financial and technical assistance to developing countries.
Among the international financial institutions, the World Bank is the second, after the IMF, the financial partner of Ukraine. Over a period of 25 years, the World Bank has approved for Ukraine approximately 70 projects and programs with a total funding of about USD 12 billion.
The funds are used to support the state budget, institutional and structural reforms, preparation and implementation of long-term investment projects that are in line with the priority directions of Ukraine's economic development. At present, 7 investment projects with a total value of more than USD 2 billion are being implemented.