“There’s no country in the world that has been in such dire circumstances and yet turned around the economy in such a short period of time,” said Natalie Jaresko, who served as Ukraine’s Finance Minister from December 2014 to April 2016. She spoke in Washington on October 11 at a discussion sponsored by the Atlantic Council and the US-Ukraine Business Council.
In 2009, Ukraine’s GDP declined 15 percent as a result of the global financial crisis, and it remained stagnant or declining through 2015. But through an infusion of $25 billion in global support and leaders’ efforts to make serious fiscal adjustments, restructure its debt, reform its energy sector, and get control of its banking system, Ukraine is expected to see 1.5 percent GDP growth this year.
