You're reading: Yatsenyuk says Ukrainian economic growth start again in 2016 if reforms succeed

Ukrainian Prime Minister Arseniy Yatsenyuk hopes that if reforms continue to be implemented by his government, Ukraine's economy will resume growth in 2016.

According to the press service of the Cabinet of Ministers, upon finishing his working trip to the U.S. Yatseniuk noted the necessity of continuing the reforms, in particular energy, agrarian and tax reforms, as well as the battle against corruption.

“There’s no simple recipe or easy solution. But [we] hope that everything goes according to the plan we have envisioned, and 2016 will be the first year of economic growth,” he said.

Yatsenyuk said the official statements of the G7 finance ministers and leaders and the IMF included support for the reforms being conducted by Ukrainian government.

Yatsenyuk noted that one of the most important tasks for the country was to attract investment, including from the U.S., to the Ukrainian economy.

“Our task is to attract as many investors and the American money as possible to develop Ukrainian economy and create jobs, restore economic growth in Ukraine,” he said.

Yatsenyuk noted that one of the goals of his working visit to the U.S. was preparation for the investment conference on July 13 between Ukraine and the U.S.

During his visit to Washington, Yatseniuk and Ukrainian Finance Minster Natalie Jaresko held 30 meetings in 48 hours. He said that the level of support for Ukraine expressed during those meetings with U.S. leaders was unprecedented.

In Washington, Yatseniuk met with U.S. Vice President Joe Biden, IMF Managing Director Christine Lagarde, U.S. Secretary of Energy Ernest Moniz, U.S. Secretary of the Treasury Jack Lew, and U.S. Secretary of Trade Penny Pritzker.

There were also meetings with leaders of the U.S. Congress, including Speaker of the United States House of Representatives John Boehner, and representatives of both the Democratic and Republican parties.