Ukraine has resumed its participation in the assessment by the Institute of International Finance (IIF) and immediately entered the top ten countries in the 2026 Investor Relations and Debt Transparency Report. Among 57 emerging market countries, Ukraine ranked in the top ten, receiving 45.2 points out of 50 possible.
Ukraine’s score significantly exceeds both the global average (37 points) and the average score among the surveyed participating countries (40.5 points). This result reflects the consistent commitment of the Ministry of Finance of Ukraine to transparent, reliable, and investor-friendly communication, even amidst the extraordinary challenges caused by the ongoing war.
Ukraine’s debt transparency score stands at 11 points out of 13—significantly higher than the sample average (9.6), which recognizes the timeliness, detail, and market-friendly format of presenting Ukraine’s fiscal and debt data.
The IIF also highlighted Ukraine as an example of global best practice in investor web communication—Ukraine became one of only 23 countries recognized as leaders under this specific criterion.
In addition, Ukraine received maximum points for having an official investor relations program, the accessibility of responsible staff, specialized IR resources in English and Ukrainian, incorporating feedback from investors, and the engagement of senior officials in dialogue with the investment community.
Ukraine introduced the Investor Relations Program within the structure of the Ministry of Finance in 2018. Since then, the Ministry has viewed transparency and interaction with investors as a permanent institutional function: it regularly conducts conference calls and bilateral meetings with investors, publishes comprehensive information on debt and public policy, and responds to investor inquiries through dedicated web channels.
The IIF report highlights a phenomenon its authors call the “transparency dividend”: when fiscal, debt, and policy information is disclosed in a timely, reliable, and predictable manner, investors can better distinguish known risks from unknown ones, which reduces the uncertainty premium embedded in borrowing costs and expands the investor base. The report also notes that Ukraine’s experience demonstrates how direct dialogue with investors helps sovereign borrowers implement best practices, meet the evolving expectations of creditors, and maintain access to capital markets at a time when global capital is becoming scarcer and more demanding.
The Ministry of Finance of Ukraine will continue to deepen its investor relations practices in line with IIF best practices, in particular, by further expanding the detail of debt reporting and maintaining regular, proactive communication with the entire range of Ukraine’s creditors and investors.
Джерело: https://mof.gov.ua
