Ministry of Finance and UNDP sign memorandum of understanding to enhance partnership and cooperation

Today, on 7 February, Minister of Finance Sergii Marchenko and the United Nations Development Programme (UNDP) Resident Representative Jaco Cilliers signed a Memorandum of Understanding to strengthen and expand their partnership.

The event was also attended by Deputy Minister of Finance of Ukraine Yuriy Draganchuk and Executive Director of the Business Development Fund (BDF) Andriy Gapon.

The Memorandum defines the strengthening of cooperation between the Ministry of Finance of Ukraine and UNDP in the areas of mutual interest and to promote economic growth and social development in the context of a full-scale war.

In particular, the Agreement provides for cooperation between the parties in the following areas:

• improvement of public financial management in the implementation of projects for the restoration of the affected critical and social infrastructure;
• supporting the Ministry’s capacity in critical communications and cyber security;
• promoting the expansion of international cooperation to promptly overcome the consequences of emergencies related to recovery and reconstruction;
• development of a national system for funding the Sustainable Development Goals (SDGs);
• support for public administration reforms;
• providing financing for energy service companies to modernise the infrastructure of life support systems of state and municipal property.

“We are grateful to the UNDP for its continued support of Ukraine and commitment to cooperate in areas critical to economic development. I am convinced that the experience of UNDP and active work within the framework of the signed Memorandum will prepare the ground for further economic recovery, strengthening of internal capacity and stability in the face of a full-scale invasion,” said Minister of Finance Sergii Marchenko.

UNDP Resident Representative in Ukraine Jaco Cilliers said that this Memorandum signifies a strengthened partnership between UNDP and the Ministry of Finance, emphasising their joint commitment to achieving impactful and sustainable recovery outcomes.