OECD to open regional office in Ukraine - PM Shmygal

MOSCOW. Dec 12 (Interfax) - The Organization for Economic Cooperation and Development (OECD) will open its regional office in Ukraine, Ukrainian Prime Minister Denis Shmygal said.

"We have just signed an agreement in Paris that officially provides the basis for opening a so-called Liaison Office of the Organization for Economic Cooperation and Development in Kiev. Since Ukraine is recognized as a potential member of the OECD, the office is tentatively expected to function until 2026 to support our country during its period of recovery," Ukrainian media outlets quoted Shmygal as saying in a social media post.

The OECD contributed to the fulfillment of the Marshall Plan and is now helping develop a recovery plan for Ukraine, he said.

"This month, we also received a description of the provisions of an OECD program which will help introduce the organization's standards in various sectors. We stand ready to jointly start to prepare it in order to join the 'successful countries' club' as soon as possible. It will become an indicator of Ukraine's readiness to join the EU and will enable the state to establish itself as a regional leader," Shmygal said.