Kinakh: Ukraine has opportunity to raise its relations with international financial organizations to qualitatively new level

Ukraine has a unique opportunity to raise its relations with international financial organizations to a qualitatively new level, Finance Minister Anatolii Kinakh announced this after a meeting with the leadership of the World Bank.

Mr. Kinakh said he was speaking about obtainment of financial resources not for consumption and upholding Ukraine's balance of payments but for developing the sectors that determine the competitiveness of the Ukrainian economy.

"By our calculations, it will be possible to attract USD 12 billion in direct investments in the Ukrainian economy in the next four years with support from international financial organizations," Mr. Kinakh said, Cabinet press office reported.

According to him, these investments will go into programs aimed at improving the energy efficiency of the Ukrainian economy, innovative policies, transport infrastructures, etc.

Mr. Kinakh stressed the need to preserve the investor confidence that Ukraine has developed through long and hard work in the past few years.

"We cannot lose confidence in our activities because it is an invaluable capital and the foundation for effective cooperation," he said.