Ukraine developing 4-year plan reform, recovery investment projects plan

The government team is drafting a special road map - the Ukraine Plan for structural reforms and investment projects that Ukraine is set to implement in the next four years.

This was announced by the Deputy Prime Minister for Reconstruction, Minister of Development of Communities, Territories, and Infrastructure Oleksandr Kubrakov, who spoke at the meeting of the Fifth Steering Committee of the Interagency Coordination Donor Platform for Ukraine, reports Ukrinform.

"We are now moving to joint medium-term planning until 2027. We are synchronizing regional policies, updating sectoral strategies, and preparing appropriate three-year investment programs. Regarding the priorities of recovery, we focus not only on the reconstruction of critical and social infrastructure, housing and transport, but also on the economic development of communities, the issue of jobs and business opportunities in the liberated territories," he said.

Kubrakov emphasized that a team of specialists has already been created to develop the Ukrainian Plan for structural reforms and investment projects to be implemented in the next four years.

The parties also discussed the European Commission’s initiative to create a special financial facility for Ukraine (the Ukraine Facility). It provides for the allocation of up to EUR 50 billion to support Ukraine for the period 2024-2027.

As reported, the Interagency Coordination Donor Platform for Ukraine was launched in January 2023. Its purpose is to coordinate international efforts to provide financial support to Ukraine in the short and medium term.

The platform has rallied representatives of Ukraine, the G7, the European Union, as well as partners from international financial institutions, in particular the European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), International Monetary Fund (IMF), World Bank and Development Bank of the Council of Europe.