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Ukraine's Journey Towards OECD Membership: New Opportunities and Challenges

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Ukraine aims to join the Organisation for Economic Co-operation and Development (OECD) by 2026.

This was announced by Prime Minister Denys Shmyhal during the OECD ministerial meeting.

"Despite the challenges of war, Ukraine continues to implement reforms across various sectors to strengthen its economy and lay the groundwork for joining the club of developed nations. We hope to join the OECD next year," Shmyhal stated.

He recalled that two years ago, the OECD program for Ukraine was launched, which sets the foundation for the country's entry into this organization.

"Over these two years, we have launched 23 initiatives together with the OECD and joined eight legal instruments. We have created anti-corruption infrastructure and practically implemented the State Anti-Corruption Program, which meets 80% of OECD criteria," Shmyhal emphasized.

Among the achievements of the Ukrainian government in implementing the OECD program, the Prime Minister also mentioned the scaling of digitalization, deregulation, and alignment with OECD standards in privatization and corporatization.

Shmyhal also reported that the OECD's economic review of Ukraine noted positive trends in public investment management and the creation of a favorable investment environment, while the integrity review acknowledged significant progress in combating corruption.

"As a result of our reforms, the experience of everyday corruption among Ukrainians has decreased from 70% to 15% in recent years. This is a paradigm shift in the state’s development from post-Soviet to European," Shmyhal remarked.