The World Bank Group works with countries in Europe and Central Asia to help improve people's lives and achieve shared prosperity in a variety of ways, including through financial lending and analytical and advisory services. Our work aims to help countries achieve better competitiveness, more inclusive growth, and to adapt to climate change and improve energy efficiency.
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This Ukraine Jobs Study aims to 1)
assess labor market performance in the Ukraine, 2) identify
key constraints to job creation, and suggest policies that
will foster... Show More + job creation and productivity. The study finds
that, despite relatively low unemployment, the labor market
is depressed and productive job opportunities are scarce.
Moreover, unemployment is likely to increase once enterprise
restructuring accelerates. The primary cause of poor labor
market outcomes in Ukraine is the small size of the
"new" private sector, consisting of small firms.
This, in turn, is due to the poor investment climate caused
by high risks, costs, and barriers associated with doing
business in the Ukraine. Accordingly the key to improving
labor market outcomes is to remove the main impediments to
entry and growth, such as policy uncertainty, corruption,
red tape, inefficient regulations, and poor access to
finance. In the longer term, labor market institutions need
to be reformed to create an adaptable labor market that
supports job creation and growth in productivity. Show Less -