OREANDA-NEWS. October 01, 2012. The assistance provided by the EBRD, primarily aimed at reforming and modernizing the most important sectors of Ukraine's economy, particularly energy and energy efficiency, transport and communications, municipal infrastructure and others. This was announced Finance Minister of Ukraine Yuriy Kolobov during a meeting with the delegation of the EBRD Board of Governors held.

At the meeting participants discussed joint projects are being implemented in Ukraine, supported by EBRD. Speaking about the implementation of infrastructure projects, Yuriy Kolobov said that Ukraine is interested in increasing the flow of investments and attracting credit resources. According to the Minister of Finance, the successful implementation of investment projects in the public sector will strengthen ties with the European Bank for Reconstruction and Development.

During the meeting, representatives of EBRD delegation also welcomed the Ukrainian government with raising the status of Ukraine's annual ranking of the competitiveness of the economies of the World Economic Forum (WEF). So, Ukraine ranks 73-rd place in the ranking, rising by the 9th position over the last year. In particular, the WEF Report, released in early September, indicated that the level of competitiveness of Ukraine wins significantly compared to previous years, primarily due to the reduction of the budget deficit, the level of debt-to-GDP and inflation.

According to the EBRD, this positive shift definitely became the result of prudent fiscal policy and structural reforms in the country.

In turn, Yuriy Kolobov thanked the EBRD's support for economic reforms in Ukraine and stressed that the fruitful cooperation with the EBRD will promote cooperation intensification with foreign investors.