The Government will start working on specific projects to restore Ukraine in the framework of cooperation with the International Finance Corporation (IFC), which will provide assistance in restoring and attracting investment in infrastructure.

The relevant Memorandum of Understanding between the Government of Ukraine and the IFC on the creation and implementation of mechanisms to attract private investors to rebuild Ukraine's infrastructure was signed in Paris on December 12 by Prime Minister of Ukraine Denys Shmyhal and IFC Vice President for Europe, Latin America and the Caribbean Alfonso Garcia Mora.

Cooperation will include assistance in the selection of priority projects for the restoration of Ukraine and the creation of favorable conditions for attracting private investment. In particular, these are public-private partnership (PPP) projects in such sectors as transport and logistics, urban and social infrastructure, energy.

"We highly appreciate the determination and constant desire of the IFC to support Ukraine in creating appropriate public-private partnership instruments. The signing of the Memorandum will allow us to develop preliminary feasibility studies for projects which we, as the Ministry of Economy, are going to unite with other relevant ministries in a working group to which we also invite representatives of the IFC. This will allow us to start working on specific projects to restore the country," said First Deputy Prime Minister - Minister of Economy of Ukraine Yuliia Svyrydenko.

According to her, due to the cooperation with the IFC, the state will receive the best conditions for holding tenders for PPP investors, which should in turn accelerate the restoration of the economy and infrastructure.

The law "On the regulation of budgetary relations during the implementation of agreements concluded in the framework of public-private partnership, including concession agreements" (draft law No. 5090) signed by the President will help to achieve this goal. Namely, it introduces a mechanism that is implemented at facilities that do not generate income. That is, it is important for social infrastructure facilities.

Alfonso Garcia Mora, for his part, noted that as one of the largest investors in the private sector of Ukraine, the IFC is constantly working to attract private capital for the reconstruction of Ukraine.

“We will start working with the Government of Ukraine to create a favorable environment for private investment in infrastructure, as well as to identify and develop priority projects. In this way, we will be able to quickly mobilize private investors as soon as conditions in Ukraine allow us to start full-fledged reconstruction,” said IFC Vice President.