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Poroshenko approves Ukraine’s development strategy till 2020

January 12, 2015, 19:45 UTC+3 KIEV

The Strategy-2020 program consisting of 62 reforms gives priority to reforms in defense, national security, judicial and law enforcement systems, state management, public health system and tax sphere

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Ukrainian President Petro Poroshenko

Ukrainian President Petro Poroshenko

© Nikolay Lazarenko/press service of the Ukrainian president/TASS

KIEV, January 12 /TASS/. Ukrainian President Petro Poroshenko on Monday approved Ukraine’s development strategy till 2020, the Ukrainian president’s press service said.

“The Ukraine-2020 strategy of sustainable development sets the goals and outlines directions and priorities of the country’s development as well as the parameters of achieving these goals. European living standards and Ukraine’s decent place in the world should be the purpose of these reforms,” the press service went on to say.

The Strategy-2020 program consisting of 62 reforms gives priority to reforms in defense and national security; judicial and law enforcement systems and state management, including the decentralization of power in Ukraine, the public health system and the tax sphere.

Other priorities also include the implementation of another two programs — energy independence, Ukraine’s popularization in the world and the advancement of its interests in the world information space.

The Strategy-2020 provides for achieving 25 key parameters used to assess the implementation of reforms and programs.

Net revenues from direct foreign investments are expected to exceed $40 billion and spending on defense and national security are to account for at least 3% of the GDP till 2020.

Ukraine’s cabinet of ministers is supposed to approve a plan of actions to implement the Strategy-2020 provisions annually before February 15 and report how the action plan is being implemented every three months.

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