On 6 November, the Kyiv School of Economics hosted the event “Status of Implementation of the Ukraine Plan Indicators for 2024”. The event was organised by the Ministry of Economy of Ukraine – National Coordinator of the Ukraine Facility program, the Reform Support Team of the Ministry of Economy and the Kyiv School of Economics with the financial support of the European Union.

The event was a platform for discussions between government officials, parliamentarians and representatives of civil society organisations on the Government’s priorities under the Plan, the procedure for financing Ukraine under the Ukraine Facility programme and the progress of certain sectoral reforms.

“In 2024, the Government met 25 indicators of the Plan, enabling Ukraine to secure EUR 12 billion through the Ukraine Facility. Many of the public’s recommendations were incorporated into the final document and put into practice. By year-end, we anticipate an additional EUR 4 billion based on third-quarter results, which is essential for maintaining macroeconomic stability. That’s why professional public oversight of these reforms is so important,” said Oleksii Sobolev, First Deputy Minister of Economy.

“The European Union is offering Ukraine unprecedented support — over EUR 50 billion until 2027 through the Ukraine Facility programme. This program addresses three key areas: macro-financial assistance to bolster the budget, the investment component via the Ukraine Investment Framework, and technical assistance to drive reforms. For Ukraine to integrate successfully into the EU and achieve lasting change, it’s vital that reforms are carried out in partnership with civil society,” said Henrik Huitfeldt, Head of Section for Public Finance, Business Support, and Social Policies at the EU Delegation to Ukraine.

In 2024, Ukraine received EUR 12 billion under the Ukraine Facility for progress in implementing the Ukraine Plan in the first two quarters of the year. By mid-December, the tranche for the successful implementation of the third quarter indicators is due, bringing the annual amount of financial assistance from the EU to EUR 16 billion. The Ministry of Economy has already submitted a report to the EU on the successful implementation of the third quarter 2024 indicators. A positive assessment by the European Commission and a decision by the EU Council are ahead. After that, the state budget should receive another EUR 4 billion, of which EUR 1.5 billion will be grants.

In addition to the Ministry of Economy, representatives of the Ministry of Social Policy, the Ministry for Communities and Territories Development, the Ministry of Environmental Protection and Natural Resources, and the Ministry of Justice also presented the results of the implementation of the sectoral indicators of the Ukraine’s Plan. Dmytro Natalukha, Chairman of the Verkhovna Rada Committee on Economic Development, spoke about the work of the Parliament in this area. According to him, certain reforms may overlap with the Government’s work on structural benchmarks of the IMF and the World Bank.

Background

The event “Status of Implementation of the Ukraine Plan Indicators for 2024” was funded by the European Union. The contents of this event are the sole responsibility of the Ministry of Economy of Ukraine and the Kyiv School of Economics, and can under no circumstances be regarded as reflecting the position of the European Union.