On April 10, the Cabinet of Ministers of Ukraine adopted an Action Plan to deepen cooperation between the Government of Ukraine and the Organization for Economic Cooperation and Development (OECD) for 2019-2020.

The document provides for a detailed plan of Ukraine-OECD cooperation along three main areas: fighting corruption, public administration and governance, and economic policy. The Action Plan between the OECD and Ukraine, in general, is aimed at strengthening and improving the efficiency of the Ukrainian economy and improving socio-economic conditions, boosting employment, etc.

Among the objectives determined in the Action Plan in the direction of economic policy, OECD experts identified the development of competition, the reform of state-owned enterprises, investment and competitiveness support, the development of small and medium-sized enterprises (SMEs) and innovation, support and promotion of exports, increase of sectoral productivity of the economy, improvement of quality statistics.

The anti-corruption framework contains the following tasks: implementation of OECD recommendations for the prevention of corruption, Ukraine's standards harmonization with the anti-corruption standards of the OECD, implementation of the measures of the Istanbul Anti-Corruption Action Plan.

In the area of development of public administration, the tasks include support for reforms in the field of public administration, improving the quality of taxation and management of internal resources, deepening regulatory reform, improving the quality of public finance management, supporting the ecologization of the Ukrainian economy and developing control over the use of water resources, as well as education development.

Background

The OECD (Organization for Economic Cooperation and Development) is an international organization that includes 35 developed countries and is the third largest powerful economic institution in the world, along with the IMF and the World Bank. The OECD cooperates with Ukraine on the basis of the Memorandum of October 7, 2014, which was extended in June 2018 for 2 years.