At the end of last year, the Government approved the draft Roadmap for Public Investment Management Reform, ensuring the implementation of one of the structural steps envisaged in the Memorandum of Economic and Financial Policies with the IMF for a new Extended Fund Facility program for Ukraine.

The document assesses the current state of public investment and outlines the problems that need to be addressed. In particular, it emphasizes the lack of strategic planning for PI, weak linkages with budget planning, dispersion of procedures for the preparation, evaluation, selection and implementation of investment projects, weak institutional capacity of the authorities and lack of qualified personnel, lack of an effective monitoring system, and weak management of public assets.

It is noted that among the challenges that have arisen under martial law is the need to respond to the needs for immediate restoration of destroyed facilities, especially critical infrastructure and housing, and to develop more flexible procedures for the implementation of investment projects that would ensure a sufficient level of control and effect from the investments made.

Source: csi.org.ua