IMPROVING THE PROJECT CYCLE FOR INVESTMENT PROJECTS IN THE PUBLIC SECTOR WITH THE SUPPORT OF IFIs

IMPROVING THE PROJECT CYCLE FOR INVESTMENT PROJECTS IN THE PUBLIC SECTOR WITH THE SUPPORT OF IFIs
Stakeholders:
STAGES OF PROJECT IMPLEMENTATION
STAGES OF PROJECT IMPLEMENTATION
July 2019 - February 2020
November 2019 - May 2020
January – August 2020
Developing drafts of legal acts, including "Concept to improve the efficiency of implementation of joint projects with IFIs for 2020 - 2023"
Project cycle management system in Ukraine are described in comparison with European practices, key problems are identified (procedures and practical aspects of their implementation)
Providing recommendations and developing a comprehensive Action Plan to accelerate and improve the project cycle of sovereign and sub-sovereign projects of IFIs
15 measures recommended
10 measures approved by the Ministry of Finance
Simplification and acceleration of the project cycle procedures
Providing a procedural and methodological basis for the assessment and selection of projects
Ensuring conditions for the operation of the integral system for the implementation of IFIs projects
8 measures recommended
5 measures approved by the Ministry of Finance
14 measures recommended
11 measures approved by the Ministry of Finance
• Eliminating delays during the stages of the project cycle

• Simplification of procedures

• Optimization of the structure of sovereign projects
• Providing programming on a high level

• Ensuring the quality of project preparation based on detailed analysis

• Ensuring project evaluation during selection and after implementation
• Strengthening the institutional capacity of beneficiaries and authorities

• Adoption of acceptable international practices into the legislative regulation of related sectors using investment projects

• Adoption of proper control and monitoring of project implementation

• Improving payment discipline of beneficiaries and establishing a project termination mechanism
The term for preparation and implementation of sovereign and sub-sovereign projects may exceed 7 years
The initial state
Analysis of the project cycle of sovereign and sub-sovereign projects of IFIs in Ukraine, detailed analysis of three sovereign projects (EIB, EBRD and IBRD)
Approach
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Result
37 recommended measures were prepared, 26 of which were approved by the Ministry of Finance