President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti during a meeting with Finance Minister of Ukraine Oleksandr Danyliuk has noted the importance of the progress in the privatization process in Ukraine in order to attract foreign investment in the country.

The meeting was held on Friday, April 20, as part of the spring meetings of the IMF and the World Bank in Washington, the press service of the Ministry of Finance of Ukraine reported on Saturday.

"Suma Chakrabarti noted the importance of the progress in the privatization process and added that transparent privatization is one of the main tools for attracting foreign investment to Ukraine," the report reads.

For his part, the finance minister assured the EBRD's president of Ukraine's commitment to the reform process.

Danyliuk and Chakrabarti have discussed the cooperation of Ukraine with the International Monetary Fund and the progress of implementation of EBRD projects.

"The officials agreed to continue the dialogue during the annual meeting of the European Bank for Reconstruction and Development in Jordan in mid-May of this year.