The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

Ukraine, OECD sign 4-year reconstruction, reform agreement

by Martin Fornusek June 7, 2023 7:54 PM 2 min read
The Organization for Economic Co-operation and Development (OECD) logo. Brazil, March 23, 2023. (Photo Credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images)
This audio is created with AI assistance

Kyiv and the Organization for Economic Co-operation and Development (OECD) signed a four-year partnership agreement to support reform, recovery, and reconstruction in Ukraine, the OECD announced on June 7.

The Ukraine Country Program agreement was signed in Paris by OECD Secretary-General Mathias Cormann and in Kyiv by Prime Minister Denys Shmyhal.

"The Country Program we have signed today has been developed in close co-operation with, and reflects the priorities of, the government of Ukraine with its focus on stronger institutions and governance, continuing the fight against corruption, attracting private sector investment, and laying the foundations for long-term well-being and opportunities for its people," Cormann said.

The current program will build on the past OECD work on Ukraine's energy and agricultural sectors.

According to Cormann, this agreement should move Ukraine closer to the OECD's standards and ultimately support Ukraine's accession to the EU.

The implementation of the Ukraine Country Program will be coordinated by the OECD-Ukraine Liaison Office, which opened in Kyiv earlier this year.

Ukraine submitted a membership application to the OECD on July 5, 2022.

The international organization is composed of 38 countries in Europe, the Americas, and elsewhere, and declares commitment to democracy and a market economy.

Survey: 65% of Europeans support Ukraine joining EU in next few years
Sixty-five percent of Europeans believe that Ukraine should be admitted into the European Union during the next few years, according to survey findings published by the Bertelsmann Foundation on March 22. Sixty-one percent also favor the EU providing weapons to Ukraine to defend itself against Russi…

News Feed

8:10 PM

Ukraine receives 5,000 more Starlink terminals from Poland, minister says.

"Starlinks will help residents of the front-line territories to stay in touch: call relatives, call emergency services, read the news. Due to attacks and destruction of base stations in the de-occupied territories, regular communication is unavailable," Digital Transformation Minister Mykhailo Fedorov said.
1:54 PM

US committed to NATO membership, Rubio says.

"As we speak right now, the United States is as active in NATO as it has ever been," U.S. Secretary of State Marco Rubio said at a press briefing alongside NATO Secretary General Mark Rutte.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.