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Public investment reform in 2025: new standards of efficiency and transparency

Ministry of Economy, Environment and Agriculture of Ukraine, posted 06 January 2026 12:24

2025 was a landmark year for public investment management (PIM) reform in Ukraine. The Ministry of Economy, Environment, and Agriculture of Ukraine, together with international partners and authorities at the central, regional, and local levels, completed the development of the fundamental architecture of PIM, which will help strategically invest in the country's future.

"Public Investment Management (PIM) reform is not just an acronym. It is about ensuring that every hryvnia from taxpayers and every euro from partners is used as effectively as possible. In 2025, we have done a lot of work that has brought us closer to this goal. In particular, the approval of the methodological framework will help us to unify the process of project preparation and evaluation. We are also pleased to see a large number of communities that have added their medium-term public investment plans to DREAM. In 2026, we will continue to work with them so that local government representatives have an even better understanding of how to work with PIM tools. It is particularly important to me that this year, PIM reform has been highly praised by the European Commission. This is a signal to the world that Ukraine is a mature state that knows how to transparently and accountably allocate resources for reconstruction and other strategic priorities," said Anna Artemenko, Deputy Minister of Economy, Environment, and Agriculture of Ukraine.

One of the key achievements of the reform is the approval of the PIM Methodological Framework. The Government has laid the foundation for a level playing field for all participants in the investment process (project preparation – evaluation – implementation – monitoring).

In particular:

  • Procedure for developing medium-term priority investment plans (MIP) has been approved: the procedure for creating MIP for 3 years has been defined;
  • procedures have been unified: procedures for working with investment projects through DREAM have been developed and published — from preparation to evaluation;
  • Investment Management Guide has been developed – a step-by-step instruction for authorities (from planning to results).

Thanks to the work of the reform team, in 2025 Ukraine moved away from chaotic project financing in favor of medium-term planning and prioritization of projects and programs:

  • Medium-Term Plan for Priority Public Investments (MIP) of the state for 2026-2028 has been drawn up. The state's MIP defines strategic directions that are critical for GDP and the social sphere;
  • Single Project Portfolio (SPP) of investment projects and programs in Ukraine for 2026 has been approved, which includes 131 investment projects and 64 programs totaling EUR 256.5 billion. All of them have priority in receiving state funding. All data on the state's SPP is available on the DREAM public portal;
  • For the first time under the new rules, medium-term plans and community projects are being developed: 840 community MIPs and 23 regional military administration plans have already been entered into the DREAM system. 672 communities and 22 regional military administrations have already moved on to the stage of expert evaluation and formation of their Unified Project Portfolios (UPP).

Check out the projects at dream.gov.ua.

The scaling up of the reform and digitalization continued. In particular, the DREAM system has become a full-fledged digital foundation for the PIM reform:

  • development of MIPs, the preparation of projects and programs, their evaluation, the formation of sectoral project portfolios at the local, regional, and national levels, the formation of project portfolios of communities and regional military administrations, monitoring of implementation, and impact assessment are carried out exclusively using the DREAM ecosystem;
  • all data is validated and structured thanks to the integration of DREAM with government services and systems such as @Prozorro and the Unified State Electronic System in the Construction Sector (USESCS), as well as the registries of sectoral ministries, etc.;
  • DREAM has also been recognized by the European Commission as a critical tool for decentralization and transparency in recovery.

The Ministry continues to build cooperation with communities to help them work with investment projects:

  • More than 70 training sessions have been conducted for 26,000 participants so that communities can work effectively with new tools.
  • Concept of a Regional Network of Expertise Centers was presented, aimed at helping local authorities prepare high-quality projects and feasibility studies and gain access to financing; over 1,000 participants have already joined the public discussion of the concept.

Transparency and accountability of procedures build trust among international partners: significant progress in the reform was noted in the European Commission's annual report.

Thanks to the PIM reform, in 2025 Ukraine demonstrated the maturity of its state institutions and readiness for effective management of the resources necessary for large-scale reconstruction.

Together with the Ministry of Economy, Environment and Agriculture of Ukraine, the PIM reform is being implemented at the state level by the Ministry for Communities and Territories Development, and the Ministry of Finance.

Support is provided by the Open Contracting Partnership, the DIGIT Ukraine project and the Eurasia Foundation, which ensure the development and implementation of DREAM as the digital basis for the reform.


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