"Overall I actually go back to London and to our board meeting next week with a very positive feeling about renewed commitment to the reforms, but the next two-three months will be crucial. We'll be watching," Chakrabarti said.
"A key milestone in terms of turning their commitment into something tangible that people can believe is the IMF programme," he added.
The newspaper recalls that the $17.5 billion bailout programme from the International Monetary Fund has been held up since October, but Poroshenko and Hroisman have pledged to honour promises Kyiv has made to tackle endemic corruption and to get the programme back on track. According to Chakrabarti, Poroshenko sees overhauling the judiciary as a priority and has pledged to appoint a trustworthy prosecutor general.
"It is an appointment that everyone is going to observe and say 'is this the right person for the job? Is this person objective and neutral and able to take on vested interests?'," the EBRD head remarked.
The New York Times also reminds that in 2014-15 Ukraine received 2.2 billion euros from the EBRD, making it the bank's second largest recipient of investment. But the bank has not invested new funds so far in 2016 due to a lack of progress with reforms.
"It will be very hard to get anywhere near 1 billion (euros of investment in 2016), but I hope that we can now get back onto the track that we were on. There was a pause button hit very firmly for everyone over the last few months," Chakrabarti noted.
In turn, European Commissioner Hahn will return to Ukraine in early June to check the progress with reforms. According to him, the public administration reform is one of those reforms which the Ukrainian government can succeed with.