Poroshenko appoints Polish economist Balcerowicz as his representative in Ukraine govt

By bne IntelliNews April 22, 2016

Polish economist Leszek Balcerowicz was appointed Petro Poroshenko’s advisor and representative in Ukraine's government, according to a special decree signed by the president on April 22.

"We will not have a team of the president or the prime minister," Poroshenko's media office quoted the president as saying during a meeting with the economist, who is famous for implementing the Polish structural economic reforms in the 1990s. "We will have one team that will reform the country."

Poroshenko's move is an attempt to shore up confidence amongst Ukraine's Western backers and international donors in the new national government headed by Volodymyr Groysman. The West is urging Ukraine's government to implement badly needed economic reforms to enable the unlocking of frozen donor funding, and to fight against endemic corruption.

Balcerowicz was also appointed co-chairman of the group of strategic advisors on the support for reforms in Ukraine. According to the presidential media office, the establishment of the group has been endorsed by the EU.

Another well-known European economist, former Slovakian finance minister Ivan Miklos, is another co-chairman of the group. He will also chair the group of advisors to the new prime minister. Earlier, Miklos was also considered for the post of finance minister in the new cabinet, replacing US-born Finance Minister Natalie Jaresko.

"Ukraine’s development is much better than it is pictured abroad," Poroshenko's media office quoted Balcerowicz as saying during a meeting with the president. "I have to show these achievements that are not always noticed by the West."

Meanwhile, Miklos underllined that Ukraine had significant unused potential, and "our goal is not to create a parallel structure, but to help Ukrainian reformers overcome problems".

Related Articles

Speculation over a second downgrade grows as S&P drops outlook on Polish economy

Speculation that Poland could suffer a second downgrade of its sovereign rating at the end of the week intensified on January 10, as Standard & Poor’s lowered its estimates on economic growth. ... ... more

Polish government offers temporary olive branch in parliament standoff

Polish media were temporarily readmitted to parliament under the old lax rules on January 5. The ruling party Law and Justice (PiS) had sought to place restrictions on reporting in December, ... more

Poland preparing to push lenders into conversion of forex loans

Poland is preparing a set of “supervisory and regulatory mechanisms” to push banks into restructuring their forex loan portfolios, the National Bank of Poland (NBP) said on January 2. A ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss