Assistance to the Ministry of Economy for Developing a State Ownership Policy for State-Owned Enterprises

Overview
Project Summary Document

TCRS 142671

Status Approved

Location

Ukraine

Business Sector

Corporate news

Notice Type

Public

PSD Disclosed

24 Jul 2024

Project Description

Through this TC Project, the EBRD seeks to provide support to the Government of Ukraine in the development and adoption of a State Ownership Policy (SOP). This initiative, requested by the Ministry of Economy of Ukraine, aims to enhance the Ukrainian government’s efforts to create the country’s first-ever overarching SOP, a crucial step for Ukraine to meet IMF and EU Ukraine Plan benchmarks and implement Law 3587-IX on Improving the Corporate Governance of State-Owned Enterprises (adopted by Parliament on 22 February 2024).

Ukraine relies heavily on State-Owned Enterprises (SOEs) to operate and manage key national assets and deliver essential public services. As of 2023, the state held over 3,000 enterprises, with an estimated 85% being loss-making or existing only on paper. The poor financial performance of the SOE sector has created significant fiscal risks for the government, compounded by the Russian invasion of Ukraine.

Since 2014, the EBRD has engaged in several technical cooperation projects to align Ukraine’s SOE corporate governance with international standards and best practices, such as the OECD Guidelines for Corporate Governance of SOEs. The future adoption of an SOP aligns with these efforts and international commitments, ensuring SOEs operate efficiently, transparently, and accountably.

The TC Project will support the Government of Ukraine (via the Ministry of Economy) in the end-to-end development and adoption of the new SOP. To do so, the TC Project will engage consultants with established expertise in legal and economic aspects of SOE reforms to assist the Government along two work phases:

Phase I – SOP Conceptualisation Study: specialized consultants will work closely with the Ministry of Economy to assess existing documents and initiatives related to SOE governance in Ukraine, analyse structures of SOPs in comparator countries, and propose an overall concept for the SOP to be developed.
Phase II – Development of a Full SOP Draft and Action Plan: specialized consultants will work closely with the Ministry of Economy and other important stakeholders to produce the first draft of a fully-fledged SOP for Ukraine – and its Action Plan companion – based on the SOP concept agreed upon in Phase I. To support execution of Phase II and ensure optimal quality results, the consultants will also conduct stakeholder consultations, and work to support the Ministry through necessary steps to ensure the adoption of the SOP by relevant Ukrainian authorities, in time for Ukraine to meet its international commitments.

Overall, this TC Project aims to create a comprehensive and enforceable SOP, further aligning Ukraine’s state ownership system with latest national legislation and OECD Guidelines, and addressing both wartime and post-war economic development objectives.

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement

Enquiries

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

TCRS 142671

Status Approved

Location

Ukraine

Business Sector

Corporate news

Notice Type

Public

PSD Disclosed

24 Jul 2024

Project Description

Phase I – SOP Conceptualisation Study: specialized consultants will work closely with the Ministry of Economy to assess existing documents and initiatives related to SOE governance in Ukraine, analyse structures of SOPs in comparator countries, and propose an overall concept for the SOP to be developed.
Phase II – Development of a Full SOP Draft and Action Plan: specialized consultants will work closely with the Ministry of Economy and other important stakeholders to produce the first draft of a fully-fledged SOP for Ukraine – and its Action Plan companion – based on the SOP concept agreed upon in Phase I. To support execution of Phase II and ensure optimal quality results, the consultants will also conduct stakeholder consultations, and work to support the Ministry through necessary steps to ensure the adoption of the SOP by relevant Ukrainian authorities, in time for Ukraine to meet its international commitments.

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.

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Assistance to the Ministry of Economy for Developing a State Ownership Policy for State-Owned Enterprises

Project Description

Understanding Transition

Business opportunities

Enquiries

Business opportunities

General enquiries

Project Description

Understanding Transition

Business opportunities

General enquiries

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)