You're reading: Ukraine needs pension, healthcare reforms, Poroshenko says

The development of Ukraine’s financial market could be accelerated due to the reform of the pension system and the health care sector, President of Ukraine Petro Poroshenko said in the video to the Ukrainian Financial Forum organized by ICU (a financial services group) in Odesa.

“The search for internal market reserves is related to the reform of a number of industries, including pension and health care systems. Today we are mulling models for introducing health insurance,” the head of state said.

He stressed that after the receipt of the third IMF tranche on the EFF program and $1 billion under U.S. guarantees Ukraine’s homework is working on the creation of an attractive investment environment for both foreign and domestic investors. According to him, the newly established National Investment Council under the leadership of ex-head of the presidential administration Borys Lozhkin will focus on strategic communication, cooperation and a permanent dialogue with investors at all levels.

“Partial replacement of imported products by domestic analogues will lead to a reduction in foreign exchange costs and stimulate domestic production,” Poroshenko said.

He also said a priority is the elimination of obstacles to increasing exports.