Denys Uliutin presented the draft Action Plan for the Public Investment Management reform

The Ministry of Finance held a meeting of the Public Investment Management Inter-agency Working Group chaired by the First Deputy Minister of Finance of Ukraine Denys Uliutin. Members of the working group – representatives of central and local executive authorities and local self-government bodies, as well as international development (the European Commission, the International Monetary Fund, the World Bank and the European Investment Bank), also attended.

During the meeting, Denys Uliutin presented the draft Action Plan for the Public Investment Management (PIM) reform as one of the key stages of the implementation of the public investment management reform. The reform is being implemented with the support of the World Bank, the European Commission and the IMF.

“Legislative regulation of unified public investment management procedures and the introduction of their strategic planning through comprehensive amendments to the Budget Code are among the key tasks of the PIM Action Plan. In addition, this plan includes mandatory application of an IT component, streamlining of national strategic planning, strengthening institutional capacity, developing a methodological framework for all stages of the project cycle – from project idea to post-implementation evaluation, as well as improving medium-term budget planning for public investments,” noted Denys Uliutin.

International partners have recognised considerable progress in the PIM reform, as the Ukrainian Investment Framework (Pillar 2 under the Ukraine Facility) will substantially rely on this system. It was particularly noted that the reform has been identified as a key priority for the IMF and the Fund supports it. The presented PIM Action Plan is also aligned with the World Bank’s program. The EIB representatives emphasized the significant contribution of the Ministry of Finance to the development of the PIM system.