Kyiv, June 27, 2014 – «The economy of Ukraine is in urgent need of rapid radical reforms. Neither signing economic part of the Association Agreement nor IMF/EBRD/World Bank loan programs will yield no result if we do not implement deep economic reforms», – emphasized Basil Kalymon, a Canadian economist, Chair of the Economic Advisory Council for the Ministry of Economic Development and Trade of Ukraine during his media briefing in Ukraine Crisis Media Center.
Mr. Kalymon represented a plan consisting of nine major focal points: corruption reduction, energy markets reform, rule of law and the tax code, trade enhancement, banking sector, agricultural sector, bureaucracy restructuring and macroeconomic stabilization.
According to Mr. Kalymon, radical reforms are vital in social sector as well, including the areas of education, healthcare and pension maintenance. «We represented a plan, a general concept of what is to be done for Ukrainian economics. This plan was approved at the meeting of the Advisory council yesterday. It is important to understand how to seize the opportunities opened to Ukraine after today’s signing of the EU Association Agreement», – stated the Chair of the Economic Advisory Council.
The following experts became members of the Economic Advisory Council: professor of the Massachusetts Institute of Technology Daron Acemoglu, senior fellow of Peterson Institute for International Economics Anders Aslund, former minister of economics of Georgia Kakha Bendukidze, Canadian economists Oleh Havrylyshyn and Basil Kalymon (Chair).
