KYIV, April 13 – The new Ukraine Public Expenditure and Financial Accountability (PEFA) Assessment report for 2019, published by the World Bank and the EU on April 13, testified to the progress made by Ukraine in the field of public finance management.

"The 2019 PEFA Assessment indicates that the government of Ukraine has made progress in the application of International Public Sector Accounting Standards (IPSAS). According to the report, the government improved its macroeconomic and budget forecasting tools, as well as increase transparency in public financial management through introduction of an open budget portal and e-procurement system – ProZorro," according to a press release on the website of the EU Delegation to Ukraine.