18:45 13.11.2017

Further investment in Ukraine possible in case of implementing land reform, fight against corruption

Further investment in Ukraine possible in case of implementing land reform, fight against corruption

World Bank Group President Jim Yong Kim links further investments in Ukraine with implementing the land reform and the creation of the Anti-Corruption Court.

"Jim Yong Kim said that after the steps to implement the land reform and create the Anti-Corruption Court are taken, we can talk about further investment. This, in his opinion, will become a pledge of changes in Ukraine's external image," the press service of the Verkhovna Rada said, following the results of a meeting of Chairman of the Ukrainian parliament Andriy Parubiy and representatives of parliamentary factions with the President of the World Bank Group in Kyiv.

According to a press release, he called healthcare, land reform and fight against corruption as important spheres of reforms for further investment.

The banker believes that improving the transparency and opening up the land market will increase investment in Ukraine.

The coming of investors in this sector will lead to increased productivity. For millions of people, namely owners of shares and land plots, this is additional income from lease. This will enable to fill the budget and release funds that can be used for other areas, in particular, healthcare, he said.

According to the president of the World Bank Group, the opening of the land market will allow, according to preliminary estimates, to increase GDP by 1.5%, and investors pay much attention to this sector in terms of further development of Ukraine.

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