Government of Ukraine has released the regulations for the preparation, appraisal, and implementation of PIPs and programs

The Government of Ukraine continues to advance the reform of public investment management (PIM).

The Cabinet of Ministers has approved the Resolution "Some Issues of Public Investment Management," which sets out the procedures for implementing the reform.

The procedures were developed jointly by the Ministry for Communities and Territories Development of Ukraine, the Ministry of Economy, the Ministry of Finance, and both Ukrainian and international experts.

They cover:

• the preparation of public investment projects and programmes;
• the formation of a Single Project Pipeline at national, regional, and local levels, as well as sectoral pipelines at each of these levels;
• the appraisal of public investment projects and programmes;
• the implementation of public investment projects and programmes across all levels of government.

The PIM reform integrates strategic and medium-term budget planning, enabling the Government to allocate financial resources to priority projects in line with national development goals and the current needs of the Ukrainian people. This approach ensures greater transparency, accountability, and efficiency in the use of public funds.

The new procedures establish a unified framework for managing public investment projects, supported by the Unified Information System that includes the DREAM ecosystem.

The procedures draw on international best practices, including the UK Five Case Model and recommendations from the Tony Blair Institute (TBI) and the European Investment Bank’s JASPERS programme. Moreover, the procedures incorporate the "build back better" principles, accounting for social considerations, environmental impact assessments, safety, energy efficiency, inclusiveness, and gender equality.

The Medium-Term Plan for Priority Public Investments, scheduled for approval in May 2025, is currently being developed.

In parallel, the government team, development partners, and the DREAM Project Office are preparing training campaigns to familiarise project initiators and implementers with the reform’s logic, enhance their capacities, and equip them to work effectively with the digital tools at its core. At present, the functionality of the DREAM ecosystem – a key tool for forming the Single Project Pipeline – is being upgraded to provide a robust mechanism for implementing the PIM reform.

We extend our gratitude to its partners from the European Commission, the UK Government, the World Bank, the UK’s International Programme Assistance (IPA), the Tony Blair Institute, the Open Contracting Partnership, the Green Transformation Office, and the DIXI Group for their invaluable support in developing and preparing these procedures.