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“The economic and social recovery of Ukraine requires further improvements in the business climate, as well as continued popular support for the reforms set in motion by the Government. In particular, Ukraine urgently needs credible and concrete results in the fight against corruption," reads the statement.

Read alsoPoroshenko to G7, EU envoys: Government needs "rapid reload"The EU noted that "a key area in this regard is transparency in the selection and appointment of managers of state-owned enterprises and in their financial reporting as well as steps toward privatization or liquidation of some of those enterprises, in line with the programme for macroeconomic and financial stabilisation agreed with International Financial Institutions.”

Read alsoIMF remains engaged in Ukraine – IMF spokesperson“Ukraine will also need to redouble its efforts to build political consensus within democratic institutions,” the statement says.

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The statement concludes: “Unity behind much needed reforms must be a priority for all political forces.”