Private investment can provide a third of Ukraine’s needs for recovery,

said the president of the World Bank Group, Ajay Banga. He also noted that the World Bank positively assesses Ukraine’s course on implementing reforms.

“The Minister of Finance, Mr. Marchenko, and I met yesterday and discussed how Ukraine can attract more private investment for future growth by defining a clear policy course in key sectors,” Banga said.

He emphasized that he was happy to hear from the minister that Ukraine is developing a multi-year plan, including reforms that encourage competition and bring the country closer to EU standards.

“If appropriate conditions are created, according to our estimates, almost a third of Ukraine’s future needs could be met with financing from the private sector,” Banga said.

He also noted that the World Bank sees potential in expanding the digital infrastructure in Ukraine, introducing green energy technologies, and continued land reform.