MFSI-II Takes Part in PPP Development Working Group Meeting
17 August 2015
Upon invitation from the Ministry of Economic Development and Trade of Ukraine, the MFSI-II Project took part in a regular meeting of the Working Group on the Development of Public Private Partnerships in Ukraine on 14 August 2015. The meeting focused on amendments to the Budget Code of Ukraine related to the provision of guarantees to members of Public Private Partnerships (PPP) for making budget payments in future budget periods.
The developers of those legislative changes built upon the approved amendments to the Budget Code related to the introduction of new investment opportunities, guaranteeing the rights and legitimate interests of business entities in conducting large-scale energy modernization. These amendments had been developed with Project participation. Taking into account the special features of PPP operations, the abovementioned legislative changes will require additional elaboration, and the Project will provide their recommendations for that in the near future.
In general, the adoption of these legislative changes will make it possible to remove the existing barriers to implementation of key PPP formats, ensure the effective implementation of PPP mechanisms, and help create a favorable and transparent environment for PPP operations, which will, in turn, stimulate the inflow of investments in Ukraine.
The developers of those legislative changes built upon the approved amendments to the Budget Code related to the introduction of new investment opportunities, guaranteeing the rights and legitimate interests of business entities in conducting large-scale energy modernization. These amendments had been developed with Project participation. Taking into account the special features of PPP operations, the abovementioned legislative changes will require additional elaboration, and the Project will provide their recommendations for that in the near future.
In general, the adoption of these legislative changes will make it possible to remove the existing barriers to implementation of key PPP formats, ensure the effective implementation of PPP mechanisms, and help create a favorable and transparent environment for PPP operations, which will, in turn, stimulate the inflow of investments in Ukraine.
Glyanec