On April 19, Minister of Finance of Ukraine Oleksandr Danyliuk and his deputy responsible for European integration Yuriy Butsa met Cyril Mueller, Vice President of the World Bank, and Satu Kahkonen, World Bank Country Director for Belarus, Moldova, and Ukraine, as part of the annual spring meetings of the IMF and the World Bank in Washington.
The parties discussed the progress of the structural reforms in Ukraine, progress of Ukraine in meeting the conditions for the development policy loan and cooperation between Ukraine and the World Bank.
“For Ukraine, which is now passing through one of the most important periods in its history, it is crucial to ensure the engagement of the World Bank in the implementation of reforms helping modernize our economy and implement qualitative changes in the social area”, Oleksandr Danyliuk said. He also stressed the importance of the joint projects of Ukraine and the World Bank which contribute to the stronger financial system of Ukraine and help create new jobs.
Cyril Mueller emphasized the importance of the reforms launched by Ukraine and the initiatives of the Ministry of Finance concerning the fight against corruption. The parties also stressed the importance of the implementation of the land reform for the further sustainable economic development of Ukraine.
On April 17, Minister of Finance of Ukraine Oleksandr Danyliuk and his deputy responsible for European integration Yuriy Butsa also met Kristalina Georgieva, Chief Executive Officer of the World Bank.
The parties discussed the status of the World Bank’s projects in Ukraine and the progress achieved by Ukraine in the last 4 years. Oleksandr Danyliuk stressed: “despite the achieved financial stabilization and the recovery of economic growth, we still have a lot to do to strengthen the economy of Ukraine and to improve the prosperity of our citizens”. He added that the support provided by the World Bank is extremely important on this way.
2017 was the year of the 25th anniversary of cooperation between Ukraine and the World Bank. In these years, all members of the World Bank Group participated in 46 joint projects in Ukraine. These projects covered issues including the capacity development of Ukrainian authorities, support for priority sectors and branches as well systemic initiatives to support reforms and balance the state budget of Ukraine. Presently, Ukraine and the World Bank are jointly working on ten projects. Each of them contributes to experience exchange, employment and the enhancement of Ukraine’s financial system.