WB representative: Kiev authorities are unable to master the loan funds from the bureaucracy – TASS

KIEV, August 14. / TASS /. The inability of Ukraine to master the tools provided by it – a global problem faced by all of its major lenders. Such an opinion was expressed by the portfolio of the World Bank Project Manager (WB) in Ukraine Claudia Maksimenko.

“The flexibility in the decision-making authority is absent, and negotiations usually end with the conviction of people’s deputies that the necessary changes will not affect their business interests “, – she told the publication” the Mirror of the week “

According Maksimenko, the same problems faced by other creditors of Ukraine: European Bank for reconstruction and development, European investment Bank, the German state bank KfW.. “The experience of similar projects in other countries shows that they can be implemented in Ukraine, but in practice, unfortunately, proves the contrary”, – she added

Failure to complete the loan funds, partly due to the fact. Ukrainian bureaucratic system that is regulated and very closed in themselves, everything down to the smallest of steps described in the legislation, and any amend it – a long and laborious process, explained the representative of the WB. “Sometimes I have such a sad impression that the World Bank projects in Ukraine are most needed to the World Bank – said Maksimenko -. But we have not actually earn, investments in Ukraine are not the source of our income, and if the project was not implemented fully, it is rather a loss “for us.

According to the Ministry of Finance and the EU Delegation in Ukraine, the volume of assistance to the country by international financial institutions since independence has made $ 44 billion and more than EUR 15.6 billion. The main creditors of the country became the International Monetary Fund (IMF), the European Commission and the World Bank (WB). The total amount raised since 1991, IMF loans – $ 29.5 billion

The second place -. European Union. According to the EU Delegation in Ukraine, the volume of credit granted and the grant aid of more than € 12 billion (together with the European Investment Bank and Euratom loans). Closes the three World Bank, which has provided loans worth $ 11.9 billion.