WB hails lifting grain expert restrictions by Ukraine

18:47, 27 May 2008
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And measures of the Ukrainian government on overcoming inflation

Today Vice Prime Minister of Ukraine for European and International Integration Hryhoriy Nemyria met with Director for Poverty Reduction and Economic Management Department in Europe and Central Asia region of the World Bank Mr. Luca Barbone, according to the government’s press-office.

The Vice Prime Minister informed about measures of the Government on overcoming inflation and lifting of grain export restrictions. World Bank Director for Ukraine, Moldova and Belarus Paul Bermingham who attended this meeting hailed these actions of the Government on behalf of the Bank. He also congratulated the Government on formal acquiring of Ukraine’s membership in the World Trade Organization.

Mr. Barbone emphasized the importance of cooperation between the Ukrainian Government and Bank concerning preparation of the Third Development Policy Loan for Ukraine. The Vice Prime Minister told that the Ukrainian Party is preparing for evaluation mission of the Bank, scheduled for June this year. Hryhoriy Nemyria noted:

Ukraine takes cooperation with the World Bank seriously. We implement measures connected with simplification of the licensing system in economical activity and ensuring of the efficient regulatory policy which are precondition for issuing the Bank’s Third Loan”.

The Vice Prime Minister also informed the World Bank representatives about the initiative of Prime Minister Yulia Tymoshenko on stirring up activity of the Council of Investors under the Cabinet of Ministers. “Proper introduction of economic management is a top priority task of the Government. With this purpose the main task of this Council is drafting concrete recommendations on improvement of the regulatory policy and investment climate in Ukraine,” he highlighted.

Hryhoriy Nemyria thanked the World Bank for analytical help provided by the Bank experts to the Government. In this context the sides have agreed to discuss an opportunity of structural cooperation between the Government of Ukraine and Bank.

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