Ukraine highly appreciates cooperation with the World Bank, President Viktor Yanukovych said at a meeting with newly appointed World Bank Vice President for Europe and Central Asia Philippe Le Houerou.

During the meeting the President drew particular attention to reform going on in Ukraine. "We attach great importance to the reforms that have begun in Ukraine, and have been experiencing strong economic growth for two years in a row, thus exceeding even the highest results estimated by the World Bank," said Viktor Yanukovych.

He also reminded that last year, Ukraine managed to increase exports by almost 37%. "We are well aware that it was a major factor that influenced the positive results in the economy," he added.

Among the positive results of reforms in Ukraine the President named the improvement of investment climate and the situation with the VAT refunds, beginning of judicial system improvement. "In that time we managed to establish a healthy business climate between the state and investors, between the state and exporters," he said.

For his part, World Bank Vice President for Europe and Central Asia Philippe Le Houerou said that the meeting is particularly important in the context of appointment of the new World Bank Director for Ukraine, and the adoption of new World Bank partnership strategy for Ukraine for 2012-2016.

"We presented this strategy to the Board of Executive Directors of the World Bank in mid-February, and it was received very well," said Philippe Le Houerou.

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