World Bank Statement: Ukraine

April 25, 2010

Kyiv, April 25, 2012 - The World Bank understands the importance and urgency of addressing the gas pricing and energy efficiency issues in Ukraine and we stand ready to support the government in implementing a comprehensive reform program. It is our view that this program needs to start with tariff reforms, supported by a targeted social assistance program for the poor and vulnerable and a series of measures to improve energy efficiency. There is no difference in views between the Bank and the IMF on this issue. The Bank is ready to support a project in the energy efficiency sector dealing with district heating and social assistance programs that would help poor households to cushion the impact of higher tariffs, if the authorities are ready to move forward with tariff reforms.