During the current session, The
Verkhovna Rada of Ukraine plans to adopt several legislative acts on regulation
of the financial-banking system, improvement of the investment climate and entrepreneurship
conditions, and corruption counteraction.
Volodymyr Lytvyn, Chairman of The Verkhovna Rada of Ukraine, made this statement, meeting Jan Fisher, Vice President of the European Bank for Reconstruction and Development. He stressed that domestic laws are being reformed in line with the global standards.
V.Lytvyn expects the anti-corruption law to be adopted during the next plenary week.
The Chairman of The Verkhovna Rada of Ukraine highly appreciated the level of cooperation between Ukraine and the EBRD, stating that the partnership was fruitful. V.Lytvyn stressed, "The Parliament takes a careful notice of the Bank´s recommendations, and tries to follow them in the law-making."
The Head of the Parliament hopes that formation and implementation of a new middle-term EBRD Strategy in Ukraine will make cooperation more effective.
In his turn, EBRD Vice-President assured that the Bank was among the most effective institutional investors in Ukraine willing to continue cooperation. He informed that cooperation was multi-faceted, including such areas as energy and energy-saving, transport infrastructure, development of small and medium-sized companies and projects on the local self-government.
Jan Fisher singled out the important factors of EBRD´s active participation in the implementation of projects in Ukraine favourable investment climate, and transparent economic and financial-banking legislation. In this respect, he highly appreciated the intentions of The Verkhovna Rada of Ukraine to adopt the anticorruption laws and the acts on economic and banking reforms.
EBRD Vice-President stated that the Bank had developed a great many new projects for Ukraine in the municipal sector. However, several provisions of a new Budget Code prohibit the local self-government bodies to take loans on their security. The Chairman of The Verkhovna Rada of Ukraine responded that he would commission the subject parliamentary committee to study this issue and bring forward its motions. He would also hold consultations with the Government. "The local self-government bodies do not always understand the responsibility for the effective use of the loans and the need to pay them off," he admitted.
V.Lytvyn and J.Fisher expect the compromise to be reached.
The Chairman of The Verkhovna Rada of Ukraine stated that Ukraine is interested in the Bank´s further financial support of the investment projects connected with the preparation for the Final Part of the European Football Championship EURO 2012 in Ukraine.
V.Lytvyn declared that Ukraine highly appreciated activity of the Bank as the administrator of the Ukryttia Chornobyl Fund. He addressed the EBRD Vice-President with a request to facilitate allocation of funds to complete construction of a new protective envelope.
In his turn, J.Fisher expressed his hopes that after the preliminary works, EBRD leaders will offer their proposals as to the financial support.