Investor Presentaiton
Public
governance
Key areas
Challenging reforms start bearing fruit (1/2)
Parliament: pro-Western parties with majority
of mandates
▷ Decentralization: transfer of budgetary powers
to local self-government bodies
▷ Anti-corruption: full anti-corruption
infrastructure in place
2019-2020 update
⚫ New Supervisory Boards in state-
owned banks commenced their work
(Jun and Dec 2019)
• Law on criminalization of illicit
enrichment adopted (Oct 2019)
• High Anti-Corruption Court (HACC)
commenced its operations (Sep 2019)
Selected results
90% increase in revenues
of local budgets in 2019 vs
2015
50 directorates with 1,305
new reform staff positions
in civil service
892 criminal proceedings by
the NABU with 245 cases
filed to the courts
Public
finance
Taxation: decrease in number of taxes and
reduction in tax rates
Debt management: MTDS, return to markets,
significant involvement of international investors
and effective investor relations, DMO approval
Medium-Term Budget Planning introduced
Public expenditures and procurement:
electronic procurement system fully effective
• US$ 5.0bn Staff Level Agreement
with the IMF (May 2020)
• Financial Sector Development
Strategy 2025 adopted (Jan 2020)
Split and relaunched Fiscal and
Customs Services (Sep, Dec 2019)
⚫ Link between Clearstream and NBU
depository launched (May 2019)
18-fold increase in non-
residents' domestic
government bond portfolio
to US$ 4.9bn over 2019
50% of 2019 GDP - state
and state-guaranteed debt
(vs 81% in 2016)
11 number of taxes (vs 22)
Business
climate
▸ Foreign trade: DCFTA in full force, FTA with
Israel signed in early 2019, FTA with Turkey
under negotiation
▷ Competitiveness and Deregulation: a great
leap forward in international rankings
▸ Investment climate: introduction of effective
mechanisms for dealing with bankruptcy
• Law on agricultural land sale
adopted (Mar 2020)
• Law on concession signed by the
President (Oct 2019)
• Restrictions on privatization of a list
of SOEs canceled (Oct 2019)
⚫ SME Development Office launched
(July 2019)
Ease of Doing Business
ranking improvement to
64th in 2020 report,
48 places up from 2014
USD 2.4bn
FDI to Ukraine's real
sector in 2019
530 SOES were handed
over to the State Property
Fund for privatization in 2019
BA
Sources CMU, Ministry of Finance, NBU, NABU
July 2020
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