© iStock, Tasha Art

GFA REWARDED WITH EIB JASPERS ON-SITE PROJECT IN UKRAINE

GFA, in consortium with Corporate Solutions, has been awarded the JASPERS on-site consultancy for institutional strengthening in Ukraine (EU4U) project. Funded by EIB this transformative initiative will run from April 2025 to April 2028.

The purpose of the proposed consultancy assignment is to contribute to the deployment of EIB/JASPERS mandate in Ukraine, by providing the necessary support to the relevant counterparts through on-site consultancy. The consultancy assignment is expected to directly contribute to enabling investments for the recovery and reconstruction of Ukraine in line with objectives of the Bank's broader EU4U initiative.

The on-site experts will contribute to the EIB/JASPERS mandate in Ukraine by providing support to relevant Ministries in the following areas:

• Preparation and implementation of strategic projects: Supporting projects financed by the EU, EIB, or other international financial institutions (IFIs), including investments under Pillar 1 and 2 of the EU's Ukraine Facility.
• Prioritisation of investment projects: Assisting in the prioritisation of projects in key sectors for the Single Project Pipeline (SPP).
• Public investment management (PIM) roadmap implementation: Aiding the implementation of the PIM roadmap to enhance investment management.
• Training and capacity building: Conducting training and capacity-building activities in project preparation, implementation, and evaluation.

“In 2022 GFA has announced its commitment to Ukraine and reconstruction and we are proud to prove it with our hard work”, says Ievgenii Cherviachenko, Senior Consultant at GFA’s Energy department: “We are thrilled to implement this project. It is a great honour to have our hands-on expertise recognised by international donors and development banks.”

The project strengthens GFA’s expanding portfolio with the EIB, SECO, EU, and GIZ in Ukraine. “On a personal note, it is especially rewarding to see the work I began with a group of dedicated enthusiasts - including the Ministry of Finance, EBRD, EIB, and the World Bank - as a Team Leader back in 2019 on PIM, now gaining maturity and recognition”, Cherviachenko says.