Oksana Markarova: Ukraine Reform Conference shows the level of support that the world is willing to give us

7/4/19

The Minister of Finance Oksana Markarova attended the third Ukraine Reform Conference (URC) in Toronto, Canada as a member of Ukrainian delegation headed by the President Volodymyr Zelensky.

Ukrainian Government founded the URC in order to show the willingness to learn from the experiences of other states and as an element of transparency. Canada has become the third country to host the event.

During the Conference, parties discussed Ukraine's investment attractiveness, domestic financial climate, initiatives that simplify access to the Ukrainian market, cooperation with international partners and overall improvement of the macroeconomic situation through effective reform process.

“Discussing important issues among friends is the tradition with a small history, but at the same time with a powerful potential. This is the third time we meet our key partners, and the third time we demonstrate the success of reforms. This proves the effectiveness and consistency of the course that we chose in 2014,” Oksana Markarova says. “The International Ukraine Reform Conference is not just a platform for a dialogue. It shows the level of support that the world is willing to give us.”

On the margins of the URC Oksana Markarova had meetings with key international partners, including Canadian Prime Minister Justin Trudeau, IMF Acting Managing Director David Lipton and World Bank Vice President Cyril Muller.

The Minister of Finance also took part in Ukraine: Sovereign, Safe and Prosperous and How to succeed in Ukraine panel discussions.

“It is impossible to achieve real results without the desire to change. Since 2014, we are not simply moving through reforms, we systematically transform Ukraine. Our economy has been growing for 14 quarters in a row while deliberate fiscal policy allowed to reduce the debt to GDP ratio to 52.3% in 2018,” noted Oksana Markarova in a speech during the Ukraine: sovereign, safe and prosperous discussion. “In today's conditions, successful Ukraine means successful Europe, a victory of democracy, European values and ideals.”

“Ukraine is a stable, secure, predictable and investment-worthy country. We do our best to ensure equal rights for all market players. We were able to reduce the tax evasion rate thanks to the successful reform of the SFS. It creates favorable conditions for attracting investments into the country,” said Oksana Markarova during a speech at the How to succeed in Ukraine panel.

The Minister of Finance also stressed that, despite the rapid pace of reformation, the results are not yet noticeable. Three directions require a deeper and more integrated approach. This includes the rule of law, infrastructure development and productivity improvement. That is why building new democratic institutions is in the top of our agenda.

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