Ukraine is planning to enter the top five partners of the European Bank for Reconstruction and Development (EBRD) which is one of the leading investors in Europe, the Caucasus, Central Asia, and the Middle East. Such targets were aired during the meeting of Prime Minister of Ukraine Volodymyr Groysman with President of the European Bank for Reconstruction and Development Sir Suma Chakrabarti. The President of the EBRD is visiting Kyiv and this is his 10th visit to Ukraine.
"This number of my visits demonstrates my attitude towards Ukraine. And availing myself of the opportunity, I want to congratulate your Government on budget approval, with good news coming from partners. I know you have just returned from Brussels. And this is also an important signal," Sir Suma Chakrabarti said.
According to him, 2018 became one of the most successful years in relations between Ukraine and the EBRD. "And we are confident that Ukraine has to enter the TOP-5 countries of the Bank's partners," the EBRD President added.
In his turn, the Head of Government stressed that today there is every ground to speak about ambitious tasks for the continuation and deepening of cooperation. "One of our priorities for 2019 is strengthening of economic growth. And now we are focusing on the implementation of the decisions. I see that we can find new financial tools, increase funding and outline the tasks for 2019-2020, "Volodymyr Groysman said.
The Prime Minister placed a special emphasis on the fact that the EBRD is not just targeted assistance for Ukraine. The striking decisions shaped together with the experts of the EBRD became the impetus for a large number of the reforms. The issues at stake are privatization, corporatization of state-owned companies, creation of a competitive environment, investment in energy efficiency, support of the banking sector and facilitation of trade. This year, the EBRD has approved a new strategy for Ukraine.
The parties noted that there exists a couple of interesting spheres for the EBRD, first and foremost, energy sector with a view to the launch of the Energy Efficiency Fund, infrastructure, development of the real sector and concession activities. Representatives of the EBRD proposed to implement several pilot concession projects next year.
"Our economic power has strengthened, and 2019 can be successful for all of us. We propose to invest more in the business sector, in particular in small and medium-sized enterprises, and we expect to kick off the large privatization. We will not sit back and do nothing, we will accumulate resources for the growth of the economy. And our cooperation is fully in line with our state interests," the Prime Minister underscored.
The European Bank for Reconstruction and Development has invested in the Ukrainian economy EUR 13 billion through 410 projects since the start of its operations in the country in 1992. This is one of the largest indicators of Ukraine's cooperation with international financial institutions all the time.