Ukraine continues the consistent implementation of public investment management reform. Instead of ad hoc fundraising for individual ideas, the state is shifting to a systematic formation of a project portfolio that fully meets the requirements of international donors. The relevant order of the Ministry of Economy No. 4901 entered into force on April 10, 2026.
What will change for project initiators?
The main innovation is the approval of Methodological Recommendations, which will serve as a roadmap for turning an “idea on paper” into a fully implementation-ready project. Project preparation will be managed through special programs called Project Preparation Facility (PPF).
Now selection will follow a clear three-level structure:
- Strategic level: projects from the State Unified Project Portfolio (priority No. 1).
- Program level: targeted initiatives (such as energy grid modernization or logistics development).
- Sectoral level: projects that are critically important for the development of specific economic sectors.
Why is this important?
Previously, many promising plans remained unfunded due to poor-quality documentation or non-compliance with international standards. The new mechanism is intended to solve this issue:
- Donor confidence: international partners will see a clear and transparent list of projects.
- Turnkey quality: projects will have proper technical and economic justification even before funding is sought.
- Predictability: businesses and communities will understand planning stages and project launch timelines.
Thus, Ukraine is definitively moving away from “piecemeal” decisions toward a unified investment pipeline. This will allow faster attraction of resources for recovery and large-scale infrastructure transformation.
