“Ukraine and the World Bank presented the Matrix of reforms. The change plan includes all approved recommendations from partners. This was announced by Prime Minister Denys Shmyhal. “Wartime reforms are as urgent a need as a strong army, modern weapons, and an efficient economy,” he said. For the current year alone, the Reform Matrix contains more than 300 conditions and more than 500 indicators, and among the key steps”, — write on: ua.news
Ukraine and the World Bank presented the Matrix of reforms. The change plan includes all approved recommendations from partners.
This was announced by Prime Minister Denys Shmyhal.
“Wartime reforms are as urgent a need as a strong army, modern weapons, and an efficient economy,” he said.
Only for the current year, the Reform Matrix contains more than 300 conditions and more than 500 indicators, and the reform of public investment management was noted among the key steps. In particular, the Strategic Investment Council has already been created and the Unified portfolio of public investment projects, containing 787 items with a total value of UAH 2.6 trillion, has been formed.
Another direction is the rule of law and improvement of the business environment.
“We are preparing various steps to support investors after the end of the war. We are continuing digitization and deregulation, programs to support small and medium-sized businesses,” the prime minister said.
The third area of the Reform Matrix is energy. Currently, the government is focusing on increasing alternative and renewable energy sources and decentralizing the energy system.
The Prime Minister expressed his gratitude to the World Bank for its strong support, because it enables Ukraine to maintain macro-financial and macroeconomic stability and implement important projects and reforms in wartime conditions.
At the same time, the World Bank sees huge opportunities in Ukraine
Previously, Lisa Kastner, the head of the regional office of the International Finance Corporation (part of the World Bank group) in Ukraine and Moldova, noted that with the right reforms, the private sector will be able to meet Ukraine’s need for reconstruction financing by about a third.
Ukraine will attract over $1 billion in soft loans from the World Bank and 150 million euros from the European Union. The government made relevant decisions on November 15.
The Cabinet of Ministers supported attracting a loan from the International Bank for Reconstruction and Development for 662 million dollars, which will be used to finance social protection programs.
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