World Bank Predicts 100 Years of Ukraine’s Backwardness

Earlier this month, RIA reported the opinion of the World Bank Director for Belarus, Moldova, and Ukraine, Satu Kähkönen, who predicted a bleak century for Ukraine at the current rates of development…

If the current rates of development remain, Ukraine will need 100 years catch up with neighbouring European countries.

Kähkönen said that Kiev has not yet overcome results of the crisis of previous years.

“Income per capita is still lower than the same figures for 2014-2015” she said in an interview to Ekonomichna Prava.

According to Kähkönen, there is a risk reforms will be stopped, and may even be reversed because of [presidential] elections.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s