Development finance assessment: Ukraine

Development finance assessment: Ukraine

August 12, 2022

Analytical report

The 2030 Agenda for Sustainable Development was approved by the UN in 2015 and set out an integrated and ambitious vision for the world development. Ukraine has also joined the agenda and is committed to achieving the SDGs.

The need to fulfil the SDGs 2030 advanced occurrence of the imperative national development strategies, which, however, were not always based on adequate financial plans. In 2019, UN suggested that the national governments should introduce a special tool to support the accomplishment of the national development strategies, namely the Integrated National Financing Framework (INFF), in order to produce an efficient framework for implementation of the sustainable development goals.

The UNDP experts have developed several mechanisms for efficient implementation of the INFF, including the Development Finance Assessment (DFA). The assessment is aimed to find opportunities to improve the performance of the available development financing and to mobilize additional funding.

DFA has been conducted by the Institute for Economic Research and Policy Consulting with the support of UNDP in the framework of implementation of the “Promoting strategic planning and financing for sustainable development at the national and regional levels in Ukraine” Joint UN Programme before the start of the full-scale war in Ukraine. However, the conclusions and recommendations for sustainable development remain relevant during and after the war.

The analytical reports developed based on the results of Development Finance Assessment at national and regional level contains the following components:

•           overview of strategic planning in the country at national and regional level;

•           brief description of the economy and financial system in Ukraine at national level and in Donetsk and Kherson at regional level;

•        analysis of the budget: planning, revenues, expenditures;

•        budget monitoring and fiscal transparency;

•           analysis of the sources of financing: international assistance, private investment, investment by state enterprises;

•           tools for facilitating private investment;

•           conclusions and recommendations directed at increasing development financing from all the sources. 

The report presents the findings of the Development Financing Assessment for Ukraine as of 2021. The collected data are a solid basis for the National Recovery and Development Plan, which will enable a just, inclusive, green, and digital recovery of the country.

Document Type
Regions and Countries
Sustainable Development Goals