Stabilization phase over, resources needed for Ukraine’s development – PM Groysman

"We have passed a difficult stage and managed to retain control over the situation. We have survived. Today we need to ensure internal systemic change and overcome external challenges. It's very pleasing to feel your support, and we hope it will prevail," the prime minister said.

"We have reached a new level of problem-solving. Therefore, we will need a somewhat different amount of resources. If previously we needed funds to stabilize the situation in the state, today we are talking about the support in the implementation of changes in education, health care, etc. And we are willing to yield results," he added.

According to Groysman, the government intends to implement key reforms, including corporatization of the National joint-stock company Naftogaz of Ukraine and the reform in the energy market.

Read alsoReuters: Ukraine passes IMF-backed law on selling off state firmsIn turn, Mitchell stressed that Ukraine remained a priority for the U.S. government.

He has said that Washington sees the progress of the Ukrainian reforms, and supports them. The official noted that the prime minister showed leadership on reform, creation of a favorable business climate, and opening up of Ukraine's potential. He assured that the U.S. would attract its partners to the process.

During the meeting, the parties discussed Ukraine's cooperation with international financial organizations - the International Monetary Fund and the World Bank - as well as the implementation of joint projects in energy, transport, and trade.

Read alsoUnited States ready to increase price for Russia's further aggression against UkraineAs UNIAN reported earlier, Ukrainian President Petro Poroshenko and Aaron Wess Mitchell during their meeting on November 15 stressed the importance of "bold initiatives" in enhancing economic interaction and the intensification of defense and security partnership between Ukraine and the United States.

According to the research of economist Anders Aslund and Ukraine’s ex-finance minister Natalie Jaresko, Ukraine needs about EUR 5 billion worth of investment annually to achieve economic growth of 6-8% per year.