The government of Ukraine and the World Bank (WB) agreed on the attraction of the International Finance Corporation (IFC) to the privatization of the ‘Ukrgazbank’. The memorandum on the mutual understanding in the support of ‘Ukrgazbank’ privatization was signed on November 14 as the press service of the Ukrainian government reported.
Volodymyr Groysman, the Prime Minister of Ukraine held the meeting with Jim Yong Kim, the President of the World Bank Group today.
Groysman noted that Ukraine succeeded to stabilize the economic situation during the last years and it is time for the restoration of the capacity and stable economic growth.
‘Our priorities for the next year are the implementation of the changes to the education and court systems. I am sure that the anti-corruption court will be created. The implementation of the medical reform is a very important issue and we are thankful for the possibility to create with the World Bank the joint program of the implementation of the reforms’, Groysman said.
The Prime Minister also thanked for the high estimation of the work of the government and added that ‘Ukraine is not going to stop’. ‘We have the many-fold possibilities for the increase of the economy, despite our potential’, he emphasized.
The signing of the memorandum on the mutual understanding in the support of ‘Ukrgazbank’ privatization between the Finance Ministry of Ukraine, ‘Ukrgazbank’ and IFC was signed in the result of the meeting.
It is expected that this document will become the significant step in the management policy towards the privatization of the state banks and attraction of the investments to the bank sector of Ukraine.
Also, Jim Yong Kim commented to 112 Ukraine on the recent amendments to the pension reform.
‘We carefully keep an eye on the situation with the pension reform and I want to emphasize that it is a really courageous step. We know about the addition of the new articles and we hold the dialogue with the ministry. It explained to us that there are the ways that can provide the implantation of the reform in the way it exists today’, he said.
Also, Jim Yong Kim added that ‘it would be better if these articles were not added but the reform has the margin of safety and it will be implemented and the most vulnerable pensioners will be protected. Also, the stability of the Pension Fund will be provided. It shows me two things. Firstly, the democracy is developed in Ukraine, it is alive. Secondly, the powerful leadership exists that provides the furthering of the reforms’.