President of Ukraine Supports IFC’s Regulatory Reform Efforts
OREANDA-NEWS. On 11 July 2008 was announced, that IFC, a member of the World Bank Group, has contributed to Ukraine’s third Presidential Forum, entitled “State and Business Are Partners.” IFC conveyed a clear message about the need and urgency to reform the country’s regulatory environment. The forum was facilitated by President Victor Yushchenko, the Prime Minister, and the Head of Parliament. It brought together policymakers, government officials, regional executive authorities, business representatives, and business support organizations from across the country.
During the past year, IFC, through its business enabling environment project, has actively engaged with the president’s secretariat on reform issues. This cooperation led to a request from the secretariat that IFC prepare presentations and other analytical materials for the forum and contribute to the president’s speech. Two sessions of the forum were dedicated to issues of reforming the permit, inspection, and technical regulations systems. IFC used the opportunity to emphasize the urgency of reforms in these areas.
One highlight was President Yushchenko’s support for IFC’s messages on reform. The president identified the proposed reforms as catalysts for improving the business environment and for building effective relations between the state and businesses. He said, “Today, mandatory certification and standardization are among the major barriers to innovation and development in Ukraine. They make introducing a new product next to impossible, and they lead to corruption.”
IFC plans to build on the outcome of the forum and will continue to promote reform of the main constraints for businesses. This will involve developing relevant regulatory solutions and holding consultations and meetings with stakeholders, including opponents of the reforms, for effective implementation.
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