To accelerate its economic recovery, Ukraine should first of all carry out pension, land, health care and anti-corruption reforms, says World Bank Director for Ukraine, Belarus and Moldova Satu Kahkonen, reports Zerkalo Nedeli.
In her interview, Director recalled that at the beginning of the week the World Bank released an updated economic analysis that confirmed the growth of Ukrainian economy by 2.3% in 2016. Nevertheless, this indicator remains modest, especially as part of the growth was provided by a record harvest, which caused the economy to grow by 4.8% in the fourth quarter of the year.
"Given the current pace and unfavorable situation in foreign markets, the blockade of Donbas and other factors, we also forecast a slight increase of 2% for 2017. In order to accelerate economic growth and achieve sustainable recovery, reforms must be introduced," said Kahkonen.