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  • Ukraine and EBRD launch a new cooperation strategy, a meeting of Prime Minister and Vice President of the Bank
    Information and Communication Department of the Secretariat of the CMU, posted 23 October 2018 17:13

    Ukraine and the European Bank for Reconstruction and Development (EBRD) are launching a new cooperation strategy, envisaging the implementation of long-term and financially large projects, both at the level of the private sector and at the level of public administration. Appropriate arrangements were reached during the meeting of Prime Minister of Ukraine Volodymyr Groysman and EBRD Vice President Alain Pilloux. The Vice President of the Bank introduced the new managing director for Eastern Europe and the Caucasus at the European Bank for Reconstruction and Development - Matteo Patrone, who will replace Francis Malige. He also thanked Volodymyr Groysman for the level of leadership that allows to enhance the volume of collaboration.

    "Probably, we have no other partner countries similar to Ukraine", said EBRD Vice President. "We have approved a new strategy of activities with Ukraine and one of the core areas is activating and increasing our activities in the private and public sectors."

    According to Alain Pilloux, the Bank is greatly interested in alternative energy projects, development of state-owned banks. That is why the legislative initiatives concerning the law on alternative energy, state banks, concessions and the activities of the business ombudsman are much awaited.

    "The volume of existing cooperation is not in line with our potential. You mentioned amendments to the legislation, and we support the majority of them. But these are work-related issues", Volodymyr Groysman said. "We are focusing on improving legislation, and at the same time we need to concentrate on the already existing opportunities. This should be parallel process. We can’t wait for the adoption of laws, their implementation - it can take years, we need to boost economy now".

    The sides stressed that a large-scale privatization, intensification of cooperation both at the level of municipalities and in the sector of infrastructure projects could become powerful impetuses to the process. Thus, by the end of the year the EBRD is planning to sign a number of practical arrangements with PJSC Ukrzaliznytsia and Ukrainian State Air Traffic Services Enterprise.

    "When I talk to investors and we are discussing Ukraine, all negotiations are being held in a positive way", EBRD Vice President Alain Pilloux stressed.

    "Ukraine will become stronger and I think next year we will be able to increase the pipeline of projects", Volodymyr Groysman summed up.

    Ukraine and EBRD launch a new cooperation strategy, a meeting of Prime Minister and Vice President of the Bank