The new government plan: It’s not the destination, it’s the journey
Ukraine’s new government has recently unveiled its 5-year Action Programme, which sets its priorities in the economic and social sphere. While some targets like obtaining USD 50 bn of FDI inflows or reaching a foreign credit of “A-“ look (over-)ambitious, other targets like the reduction of the public debt to GDP or the diversification of borrowing into local currency look quite realistic. It is also very positive that budget planning is done with a conservative approach. Regardless of the ultimate achievement of all indicators, the focus should be on the implementation of key reforms underlying this programme.