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Central & eastern EuropeSeptember 1 2015

Ukraine finance minister plots a journey back to growth

Ukraine has experienced a devastating sequence of events in recent years, but now, thanks to the new government's reform programme, its citizens can look to a brighter future, says the country's finance minister Natalie Jaresko.
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When thousands of Ukrainian citizens took to the streets of Kiev during 2014’s Revolution of Dignity, they unleashed some of the biggest changes – both good and bad – since the country's independence in 1991. In a short space of time they have seen the removal of a kleptocratic government, which had more than doubled our national debt; the illegal annexation of Crimea; a devastating invasion by Russia and ongoing conflict; a painful economic recession and financial crisis; the election of the first parliament with a pro-European constitutional majority; and the formation of a new government with an average age of 43 and most ministers coming directly from the private sector.

As well as the economic crisis and debt restructuring issue that have dominated headlines for months, there is another revolution taking place in Ukraine – a quiet revolution of reform reshaping the fundamentals of our economy. Our government’s plan to return to economic growth and prosperity is based on the twin pillars of macroeconomic stabilisation and creating the right conditions for businesses to prosper.

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