Minister of Finance Oleksandr Danyliuk met representatives of the World Bank to jointly review the Bank’s portfolio of projects in Ukraine.
During the meeting the Minister of Finance stressed the importance of the World Bank's participation in the reform process aimed to modernize and to transform the structure of the Ukrainian economy including the implementation of new approaches in the budget planning as a part of the reform of public finance management, changes in the social welfare and healthcare systems etc.
What’s it about?
During the review of the project portfolio, the parties discuss the implementation progress of their joint projects and agree further steps to ensure their further effective implementation.
Another point which is subject to the review is the implementation of the action plan for investment projects in Ukraine agreed in the previous review meeting; also, the action plan for the next half of the year is approved.
What’s the advantage?
Permanent and consistent monitoring of the project implementation contributes positively to the effectiveness of the cooperation with the International Bank for Reconstruction and Development (one of the institutions of the World Bank group), which also refers to the better utilization of the funds granted for the respective projects and to their faster implementation as well as to finding solutions to issues arising in the course of their implementation.