Kiev, Ukraine, May 12, 2014 — The
World Bank Group (WBG) is once again demonstrating its commitment to improving
governance and fighting corruption in Ukraine. These have been a central
part of the WBG’s policy dialogue with the Ukrainian Government and a
focus of our Country Partnership Strategy for Ukraine.
Building on this commitment, the WBG has expressed its support for a new
anti-corruption initiative in Ukraine to improve the country’s business
climate and stimulate economic growth.
In a new boost to anti-corruption measures in Ukraine, the WBG signed a
Protocol of Support today, which endorses a Memorandum of Understanding
between the Ukrainian Government, the European Bank for Reconstruction
and Development (EBRD), the Organization for Economic Cooperation and Development
(OECD), and the Ukrainian business community. The initiative represents
an important addition to the Government’s overall ongoing anti-corruption
The WBG has been supporting the country to tackle governance and corruption
through analytical work, policy dialogue, technical assistance, budget
support and investment operations. In particular, the WBG is helping to
promote good governance, transparency, and accountability in the public
sector, including public financial management and public procurement. We
are supporting Ukraine to strengthen the regulatory framework and reduce
costs of doing business, reform inefficient and inequitable utility subsidies
and restructure the energy sector; and help civil society play a greater
role in the monitoring of budget, public procurement and service delivery.
“The WBG is very pleased to support the initiative. Concerted and sustained
efforts to improve governance and fight corruption are critical to restore
people’s trust in the state, improve service delivery, and revive growth
in Ukraine,” said Qimiao Fan, the World Bank’s Country Director for Belarus,
Moldova and Ukraine. “The World Bank will continue to support the people
of Ukraine in this important work,” he added.
“Transparency and fairness are essential for the development of a healthy
and competitive private sector,” said Rufat Alimardanov, International
Finance Corporation’s (IFC) Regional Head for Ukraine and Belarus. “Through
our advisory work we will continue to help Ukraine streamline its regulations,
eliminate barriers to investment, and increase transparency.”
On March 10, the WBG announced that it aims to support reforms in Ukraine
and provide up to US$3.5 billion in 2014. This assistance would come on
top of the ongoing investment and guarantee program of about US$3.7 billion,
supporting improved basic public service delivery in areas such as water
supply, sanitation, power and roads, and supporting the private sector.