Today, on the 21st of July a webinar, organized by the World Bank in cooperation with The British Embassy, the Ministry of Economy of Ukraine and the PPP Agency was conducted. During the webinar, the results of the first phase of the World Bank project “Strengthening the use of public-private partnerships (PPPs) for better management of public investment” were presented, along with the Public-Private Partnership Manual for Ukraine.
The aforementioned World Bank project is being implemented since November 2019. It is financed from the “Good Governance and Investment Climate Reform” (GGICR) trust fund with the support of the UK Government.
“The Public-Private Partnership has become one of the most promising ways of investment promotion in Ukraine. A number of successful reforms and new initiatives has been implemented to align current legislation regulating public-private partnerships, with international standards and practices. This includes the adoption of a version of the Law of Ukraine “On Public-Private Partnership”, and the Law of Ukraine “On Concession”. From November 2019, as a part of the World Bank project, assistance was provided to the Ministry of Economy of Ukraine in the development of bylaws that ensure the transparency of the process of private partner selection and additional state guarantees provision”, noted the Deputy Minister of Economy of Ukraine, Iryna Novikova.
According to the World Bank, the current legal environment aimed at engaging private business in infrastructure development in Ukraine corresponds to the best international practices, as well as provides transparency regarding the initiation, preparation and implementation of PPP projects.
An important result of the first phase of the World Bank project is the strengthened institutional capacity of public authorities and local governments to initiate, prepare and implement PPP projects.
Thus, the Public-Private Partnership Manual for Ukraine created by the World Bank consultants and the series of trainings have enabled public sector representatives, involved in the preparation and management of PPP projects, to deepen their understanding of processes at all stages of a project life cycle.
“I am certain that the Public-Private Partnership Manual for Ukraine, created by the World Bank consultants, will become a guidepost for all public sector representatives that will initiate PPP projects. The process of PPP project implementation is more efficient when initiators contact the Ministry of Economy of Ukraine, already having a firm understanding of the peculiarities of the PPP mechanism”, noted Head of The Investment Department of the Ministry of Economy of Ukraine, Julia Skubak.
You can download the presentation of the Senior Public Sector Specialist, Nataliya Biletska, titled “PPP Manual – a Guide to Unlock Potential of PPPs to Support Economic Growth and Shared Prosperity in Ukraine” at the link below: