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10 of September, 12:35

WB sees early signs of economic stabilization of Ukraine
The world Bank (WB) sees early signs of stabilization of the Ukrainian economy and looks forward to the resumption of economic improvement in Ukraine in 2016, said the Director of the WB in cases of Belarus, Moldova and Ukraine Qimiao Fan.

according to the analysis of economic development of Ukraine, given in mid-August, the fall of Ukraine's GDP in the first half of 2015 $ 16, 3%. In addition, in early August, the government approved two scenarios predict economic dynamics, for both the GDP growth in 2016 is 2% and a decline of 0, 3%. The head of the Ministry aivaras Abromavicius expects growth of economic indicators for the fourth quarter of this year.

"We are seeing early signs of stabilization. Fiscal shortage turned out to be reduced, We observe the stabilization of the banking sector, capital outflows could stop for a while. In addition, We observe the stabilization of the exchange rate, and reserves increased, due to the help of international organizations ", - said the Director of the WB.

If the Ukrainian authorities want to improve the economy in the coming year, the government ought to continue the reform of the banking and energy sectors, to improve the business environment, as well as judicial reforms, he added.

"This is a structural reform, which are important For the subsequent increase. But I am optimistic that the economy really starts recovery in the coming year, " said Qimiao Fan.

sections: Politics

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