Ministry of Finance and International Finance Corporation discussed Public-Private Partnership for Ukraine’s recovery

Deputy Minister of Finance of Ukraine Olga Zykova held a meeting in Kyiv with representatives of the International Finance Corporation (IFC), including IFC Regional Director for Europe Ines Rocha, IFC Regional Manager for Ukraine Lisa Kaestner, IFC Regional Manager for Public-Private Partnership Transaction Advisory Services in Europe Thomas Lubeck, Advisor to the IFC Vice President Ari Skromne, and Head of IFC Operations in Ukraine Olena Voloshyna.

The parties discussed mechanisms to attract private investment for Ukraine’s recovery and priority areas of cooperation. In particular, they focused on the role of public-private partnerships (PPP) and concessions in Ukraine’s reconstruction in light of the recently revised public investment management approach, and IFC’s support for this process.

The meeting participants reviewed pilot PPP projects already being implemented with IFC support in the healthcare sector (hospitals in Vinnytsia and Zhytomyr), as well as the organization’s involvement in supporting the concession process of the Chornomorsk port.

IFC representatives confirmed their readiness to work with the Ukrainian side on PPP reform, particularly in the area of high-quality project preparation, taking into account the opportunities offered by the Project Preparation Facility established under the PPP Agency of Ukraine.

Olga Zykova thanked IFC representatives for their continued support, particularly for strengthening the institutional capacity of Ukraine’s economy, supporting small and medium-sized enterprises (SMEs) including the IT sector, and advancing the development of war-risk insurance mechanisms.

“Since the start of the full-scale war, IFC has made a significant contribution to supporting Ukrainian businesses - SMEs, the financial sector, infrastructure, and agriculture. I believe that our cooperation with IFC in the areas of public-private partnerships will play a key role in accelerating private investment mobilization, easing the burden on the State Budget, and advancing the recovery of Ukraine’s economy as a whole,” emphasized Deputy Minister of Finance.

The parties agreed to identify potential economic sectors where PPP projects could be implemented.

Olga Zykova highlighted the importance of strengthening focus and selectivity in joint projects with IFC, aiming to create new jobs, invest in new assets, and drive recovery.

Since the beginning of the full-scale invasion, IFC has mobilized USD 2.3 billion to support investment projects in Ukrainian businesses and banks: USD 1.4 billion of its own funds and over USD 850 million from partners and donors. Currently, IFC’s private sector portfolio in Ukraine includes 20 projects totaling about USD 810 million, focused on supporting SMEs, the IT sector, agriculture, and transport.