Government presents chapters evaluating Ukraine’s potential and its realization

As part of the “Socio-Economic Performance and Potential Analysis Capacity” (SEPPAC) project, Government partners presented several chapters of a report called “Evaluating Ukraine’s Potential and Its Realization” over 18–22 June 2007. These included their demographic forecast and an analysis of the main long-term demographic issues that Ukraine will face until 2050, a long-term forecast for potential GDP, and a long-term fiscal forecast based on the results of the previous two analyses.

Among active Government partners in this project are representatives of the Ministry of Economy, the Ministry of Finance, the National Bank of Ukraine, and Derzhkomstat, the state statistics committee. Afterwards, the main results of their work were discussed by those at the presentation. During this discussion, consultants from the Conference Board of Canada (CBoC) and a group of experts from ICPS made a number of recommendations regarding the methodology of the presented forecasts and shared their international experience in developing long-term economic and fiscal reports in Canada.

The goal of this project funded by the Canadian International Development Agency (CIDA) is to increase capacity among both Government and nongovernment entities to develop and analyze public policy using evaluations of the country’s economic potential and the socio-economic impact of its realization.