On June 27, 2025, a regional event dedicated to the implementation of Public Investment Management (PIM) reform was held in Dnipro. The event aimed to explain the key aspects of this reform and provide practical guidelines for regional and local authorities on its implementation.
In particular, they discussed the legislative framework, the need to create management structures in communities and regions, the formation of medium-term public investment plans, the preparation of projects and programs, as well as the formation of sectoral portfolios and a Unified Project Portfolio, and opportunities for attracting financing.
“The reform transforms approaches to public finance management. In particular, it provides for the unification of planning processes and the identification of priority areas for investment at the community, regional, and state levels, in accordance with their development strategies. This gives all participants in the process a clear understanding of what is needed to implement a particular project. Namely, the number of people who need to be involved, the selection of contractors, the formation of a budget, and the search for sources of funding. The benchmark in this process is the SPI, which contains priority areas for investment and provides for the allocation of funds that will be directed towards their implementation. At the same time, it is important to understand that the country has limited resources, and in order to attract international funds, it is necessary to form portfolios of projects and programs that are well-founded, have undergone appropriate assessment, and have been identified as priorities for implementation,” emphasized Oleksiy Ryabikin, Deputy Minister of Community and Territorial Development.
Ana Lukatela, UNDP Regional Recovery Manager in Ukraine, stressed that access to international funds requires a strategic approach to planning and managing public investments. A systematic approach allows for the effective coordination of assistance and its allocation to projects that are truly important to society.
DREAM assists with PIM reform at all stages of its implementation, particularly with regard to training and support for system users.
“The main task of the reform is to build a public investment management system that will allow Ukraine to effectively use European structural funds. To do this, it is necessary to synchronize approaches to investment planning and management with international practices. Currently, there are 18 different mechanisms for preparing public investment projects in Ukraine, and a long road of transformation is needed to unify them. Our common task is to form an investment menu in the form of project portfolios based on DREAM, which will allow for more effective management of public finances at all levels. The Ukrainian government, together with the DREAM Project Office team, will provide methodological support to all participants in the process so that adaptation to the changes takes place as quickly as possible,” added Viktor Nestulia, head of the DREAM Project Office.
Next steps:
To assess how well communities understand the essence of the reform and to receive suggestions on how to improve the processes related to its implementation, we invite you to participate in a survey on awareness of the reform at the link.
A general description of the reform can be found here.
For reference:
The event brought together more than 500 participants from communities in the Dnipropetrovsk, Zaporizhzhia, and Kirovohrad regions and was held jointly with the Ministry of Community and Territorial Development of Ukraine, the DREAM Project Office, and the Open Contracting Partnership, with the support of the United Nations Development Program (UNDP) in Ukraine as part of the flagship partnership between UNDP and the European Union, “EU4Recovery — Empowering Communities in Ukraine,” as well as the project “Supporting Inclusive Recovery to Ensure Sustainability and Security for People in Ukraine,” with financial support from the Government of Japan.
Source: https://www.decentralization.ua/
