Public Investment Management Reform: 70% of regions and communities either have approved or are drafting medium-term plans
The reform of the public investment management system (PIM) is being actively implemented at the national, regional, and local levels. Following the approval of the National Medium-Term Priority Public Investment Plan, communities and regions are developing and approving their medium-term plans (MTPs). These plans will serve as the foundation for the subsequent formation of unified project portfolios for regions and communities.
According to monitoring data from the Ministry of Economy, Environment, and Agriculture of Ukraine, 22 regional military administrations have already approved regulations for regional investment councils and established their composition. In 19 regions, investment councils have approved Medium-Term Priority Public Investment Plans for 2026–2028, which are currently being finalized by the respective local state administrations.
At the community level, 1,037 local investment councils have been established. Leading regions include Dnipropetrovsk (67 councils), Lviv (65), Vinnytsia (63), and Kyiv (61). Additionally, 753 communities have already approved their Medium-Term Public Investment Plans, while 127 are still in the process of developing them.
“Today, we are at a crucial stage of implementing the public investment management system reform at the local level to integrate local initiatives into the national framework. Our monitoring shows a high level of reform implementation in regions and communities, which will not only enable a systematic approach to recovery and development but also attract new opportunities for project financing,” said Anna Artemenko, Deputy Minister of Economy, Environment, and Agriculture of Ukraine.
By the end of the year, regional authorities and communities are required to develop their Unified Project Portfolios (UPPs) and sectoral portfolios based on their respective Medium-Term Plans (MTPs). Projects included in the UPPs of regions and communities will be eligible for funding under state public investment programs that are part of the national UPP and prioritized for financing in 2026.
The Ministry of Economy, Environment, and Agriculture of Ukraine, as the national coordinator of the Public Investment Management (PIM) reform, continues to refine its methodological framework. Specifically, the Ministry has updated procedures for the preparation, evaluation, and implementation of public investment projects and programs, as well as the formation of the unified public investment project portfolio for the state, regions, and territorial communities, along with sectoral project portfolios. Additionally, a series of methodological guidelines have been developed for regions and territorial communities to support the implementation of the PIM reform.
A separate focus is the establishment of a nationwide network for expert support and training for communities, in collaboration with the Ministry for Communities and Territories Development, international partners, and technical assistance projects.
Background Information
The public investment management reform was initiated to enhance the efficiency and transparency of public spending. It is being implemented jointly by the Ministry of Economy, Environment, and Agriculture, the Ministry for Communities and Territories Development, and the Ministry of Finance, encompassing legal, institutional, and strategic changes in Ukraine’s public investment management system. In 2024, the Strategic Investment Council approved the national Unified Project Portfolio for the first time. Starting in 2025, in accordance with the Government-approved Action Plan for the Roadmap for Reforming Public Investment Management for 2024–2028, the reform is being extended to the regional and local levels.