Government of Ukraine consolidated its efforts to cooperate with international partners within the Multi-agency Donor Coordination Platform

On July 11, Prime Minister of Ukraine Denys Shmyhal chaired the first meeting of the Steering Board for Coordination of Central Executive Authorities to support Ukraine’s participation in the Multi-agency Donor Coordination Platform.

The Steering Board consists of representatives of the Ministry of Finance, the Ministry of Economy, the Ministry of Justice, the Ministry for Communities, Territories and Infrastructure Development, as well as representatives of Ukraine in the World Bank, the IMF and the EBRD. 

The Ministry of Finance was represented by Minister of Finance Sergii Marchenko. 

The Steering Board was established to coordinate the actions of central executive authorities and other government institutions within the framework of the Platform. This is an important step to maximize the effectiveness of Ukraine's cooperation with international donors. 

Minister of Finance Sergii Marchenko, as deputy chairman of the Steering Board and co-chairman of the Steering Committee of the Platform from Ukraine, outlined the current tasks for the Ukrainian side within the Platform.

"The priorities of the Platform's operation are attracting budget support, rapid recovery, public investment management, systematic work on the Reforms Matrix, and private sector support. All these areas require active involvement of all responsible parties. 

In the year and a half of the Platform's operation, we have already achieved significant results, including attracting the necessary budget support in 2023 - USD 42.5 billion - and assurances of continued assistance in 2024. We are also actively working towards recovery: assessing needs, urgent priorities, attracting financial and other resources. Together, we are systematizing and prioritizing reforms for short- and long-term economic growth. Given the broad scope of the Platform's work, the meetings of the Steering Board and the constant coordination of the Ukrainian side's efforts are essential," the Minister of Finance said. 

Among the discussion topics:

• Further cooperation with donors to meet budget needs in 2024-2025. This year, the State Budget has already received USD 16 billion of external financing, and another USD 22 billion is expected by the end of the year. Maintaining transparent and accountable cooperation with donors. The Government regularly provides all information on the use of donor funds in Ukraine.

• Preparation of a single list of rapid recovery projects, prioritization for effective attraction of donor support. 

• Continued implementation of the public investment management reform in cooperation with international partners, including through the Platform. The reform provides for a clear definition and strategic planning of public investments in the medium term and their maximum integration into the budget process.

• Regular updating of the Reforms Matrix in coordination with other ministries and central executive authorities. The Ministry of Finance of Ukraine, as the responsible authority for monitoring the implementation of the Reforms Matrix, will present updated results for the first half of 2024 in the near future. 

• Cooperation with donors within the Platform to strengthen support for the private sector, in particular through guarantees, risk insurance, and export credit.