Tuesday 20 August 2019 ,
Tuesday 20 August 2019 ,
Latest News
  • Dhaka, Delhi for speedy, sustainable Rohingya repatriation
  • No bar to gazette publication on 9th wage board for journos
  • DNCC launches ‘combing operation’ to tackle dengue
  • HC grants bail to BCL leader Tanna in goat-snatching case
  • Trump speaks with Imran Khan on Kashmir tensions
27 May, 2019 00:00 00 AM
Print

Ukraine remains one of the poorest countries in Europe: WB

BSS/TASS, Kiev

Ukraine in terms of GDP per capita remains of the poorest countries in Europe, along with Moldova, Armenia and Georgia.  This is according to a World Bank special report titled “Tapping Ukraine’s growth potential”, which is published on the organization’s website.

“The rate of economic growth in Ukraine remains too low to reduce poverty and reach income levels of neighboring European countries,” the document says.

The World Bank notes that at the growth rate of recent years, it will take Ukraine more than 50 years to reach income levels of today’s Poland. “If Ukraine’s productivity growth and investment rate remains at the low levels observed in recent years, overt the medium-term the growth rate will converge to almost zero per annum,” according to the report.

The World Bank points out that the Ukrainian economy “continues to be constrained by unfinished reforms that lead to low productivity, over-reliance on commodity-based exports, limited foreign direct investment and global economic integration, and weak institutions.”

In order to change the situation for the better, the World Bank suggest that Ukraine should carry out reforms in three areas: limiting the role of the state in the economy; facilitating investments, improving logistics and connectivity to fully leverage external trade opportunities; maintaining stable macroeconomic policies, giving everyone an equal opportunity and strengthening rule of law to make economic institutions more resilient.

Earlier, the World Bank maintained its forecast for GDP growth in Ukraine in 2019 at 2.7 per cent meanwhile, according to the estimates of the European Bank for Reconstruction and Development, this year the country’s GDP growth will slow to 2.5 per cent.

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
010203
04050607080910
11121314151617
18192021222324
25262728293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting