World Bank2016-08-022016-08-022016https://hdl.handle.net/10986/24772Ukraines vast needs in infrastructure coupled with a constrained fiscal space require concerted efforts in strengthening public investment management. Investments in infrastructure are important for fostering economic growth. Translating public investments into assets crucially depends on how efficiently all types of public investments are management. The structure to handle PPPs is currently inadequate to access the global PPP market. Since a PPP system needs to be built on the foundations of a workable PIM system, the prospects for Ukraine attracting international standard investments from the global PPP market may appear to be out of reach for the time being. Recent reforming legislation aimed at fixing some of the issues highlighted in the 2012 PIM Assessment is encouraging but much will depend on the effectiveness of the implementation and the capacity of the institutional actors to understand and absorb them. This Assessment must by its very nature capture the situation at the time of the Assessment rather than an expectation of future potential.en-USCC BY 3.0 IGOCONTINGENT LIABILITIESDEFICITREGULATORY FRAMEWORKACCOUNTINGCHECKSLOCAL INFRASTRUCTUREDEFAULTSCONFLICT OF INTERESTSTOCKFOREIGN INVESTORSVALUATIONINTERESTGOVERNMENT DEFICITPUBLIC INVESTMENTSGUARANTEESPROPERTY RIGHTSOPTIONEXCHANGELOCAL GOVERNMENTSDISCOUNT RATEINFRASTRUCTURE DEVELOPMENTPORTFOLIOGOVERNMENT CAPACITYMACROECONOMIC CONDITIONSLOANCAPACITY BUILDINGDISCOUNTINVESTMENT ACTIVITIESRENEGOTIATIONBORROWERSPUBLIC ASSETSTAXCOMMERCIAL LOANBUDGETINGBENEFICIARIESCREDITORSINTERNATIONAL BANKFOREIGN INVESTMENTSINSTRUMENTSDISPUTE RESOLUTIONPOLITICAL RISKSBUDGETARBITRATIONLEGAL INSTRUMENTSTANDARD CONTRACTCURRENCYGOVERNMENT POLICYGOVERNMENT REGULATIONSDEGREE OF TRANSPARENCYTELECOMMUNICATIONSDISBURSEMENTCONTRACT RENEGOTIATIONINSURANCE MARKETSPUBLIC FUNDSDEBTSCONTRACTSSTATE GUARANTEESOPTIONSINTEREST RATESSTATE GUARANTEEMONETARY FUNDFINANCIAL INSTITUTIONSINTEREST RATES FOR LOANSMARKETSDEBTPRIVATE INVESTMENTLOCAL GOVERNMENTRETURNINTERNATIONAL DEVELOPMENTPUBLIC FINANCELENDERSCOMPETITIVE TENDERLOANSPRIVATE FINANCELEGAL IMPEDIMENTRISK SHARINGCONFLICTS OF INTERESTSDEBT SERVICEGROSS DOMESTIC PRODUCTDUE DILIGENCELEGAL FRAMEWORKFINANCEPUBLIC INVESTMENTINTERNATIONAL FINANCIAL INSTITUTIONSCIVIL CODEEXPENDITURETRANSACTIONSBUY BACKDEBT FINANCINGINTERNATIONAL STANDARDSPOTENTIAL INVESTORSTRANSACTIONINVESTORSCURRENCY RISKSINTEREST PAYMENTSGOODPRIVATE PARTYGOVERNMENT BUDGETTRANSPARENCYLLCMARKET FAILURESTURNOVERFUTURERISK EVALUATIONLEGAL INSTRUMENTSLEVEL OF RISKSCONFLICTS OF INTERESTBUDGETSINVESTMENT PROJECTSPRICE RISKCONTRACTREPAYMENTEXPENDITURESPROPERTYBIDSPROPERTIESBALANCE SHEETMARKETDEFAULTJOINT-STOCK COMPANIESCREDIT RATINGRISK PROFILEMARKET VALUEPUBLIC DEBTLEASE AGREEMENTTREASURYACCOUNTING STANDARDPRIVATE DEBTSHAREHOLDERSDISCOUNT RATESINSURANCEEXPROPRIATIONECONOMIC DEVELOPMENTPHYSICAL ASSETINTERESTSIMPLICIT INTERESTSTATE LOANSINVESTORGOODSSECURITYREGISTRATION SYSTEMLEGAL SYSTEMACCOUNTING STANDARDSSTOCKSINVESTMENTHUMAN RESOURCESINTERNATIONAL INVESTORSHAREINVESTMENT CLIMATEDEBT RESTRUCTURINGINVESTMENT ACTIVITYTREATYINTERNATIONAL STANDARDBIDINSTITUTIONAL DEVELOPMENTREVENUEFINANCIAL STRUCTUREINVESTMENTSFINANCIAL SUPPORTCHECKLEGAL RECOURSEEXCHANGE RATEINSTRUMENTPUBLIC SPENDINGCAPITAL INVESTMENTLIABILITIESGOVERNMENT ACCOUNTSINTERNATIONAL INVESTORSPARTIAL RISKGUARANTEEGOVERNMENT INTERVENTIONINVESTINGReportWorld Bank10.1596/24772