Yet, the reforms can help Ukraine
The World Bank envisages an 8% decline in GDP of Ukraine in 2014, said Director of the World Bank for Ukraine, Belarus and Moldova Chimiao Fang, RBK-Ukraine (РБК-Україна) reports.
«We expect that the GDP will fall by 8 % and 1% in 2014 and 2015, respectively», - said Fang.
He is of the opinion that only reforms can help Ukraine come out of the complicated economic situation.
«The reforms should stay on track, it is critical; they will facilitate growth and help maintain stability in Ukraine. They are sought-for to make improvement across the government and combat corruption. Additionally, it will boost service quality and restore trust in the country», - said Fang.
He also noted that reformation of the energy sector is rather urgent, too.
«We, at the World Bank, stand ready to support the Ukrainian people during hard times», - said Fang.
