UNDP and Finance Ministry of Ukraine sign MOU to enhance partnership and cooperation

UNDP to expand support for financial recovery of Ukraine, aiming for sustainable outcomes

February 7, 2024

UNDP Resident Representative in Ukraine Jaco Cilliers (left), Finance Minister Serhiy Marchenko (right).

Photo: Ministry of Finance of Ukraine

KYIV, 7 February 2024 – The United Nations Development Programme (UNDP) in Ukraine today signed a Memorandum of Understanding (MoU) with the Ministry of Finance of Ukraine, marking a significant milestone in their commitment to collaborative efforts for recovery and reconstruction.

Under the MoU, the parties aim to facilitate financing for energy service companies (ESCOs) by establishing an ESCO-fund, as well as improve financial management in critical and social infrastructure projects to prevent fraud and corruption. Additionally, the agreement provides for supporting the ministry’s capacity in critical communications and cyber security, enhancing cooperation for recovery and reconstruction efforts, and developing a national system for funding Sustainable Development Goals (SDGs).

Finance Minister Serhiy Marchenko expressed gratitude to the United Nations Development Programme for its continuous support of Ukraine and readiness to cooperate in areas critical for economic development. "I’m convinced that the experience of UNDP and active work within the framework of the signed Memorandum will lay the groundwork for further ensuring economic recovery, strengthening internal capacity, and stability under the conditions of a full-scale invasion," Marchenko said.

UNDP Resident Representative in Ukraine Jaco Cilliers said that this MoU signifies a strengthened partnership between UNDP Ukraine and the Ministry of Finance, emphasizing their joint commitment to achieving impactful and sustainable recovery outcomes. “Together with the ministry, we hope to chart a course that not only rebuilds but enhances Ukraine's finance landscape, making it more resilient and sustainable than ever before," he said. 

Media enquiries: Yuliia Samus, Head of Communications, UNDP in Ukraine; e-mail: yuliia.samus@undp.org