Expected strategic result 2.5.3.2. In order to protect investors’ rights, the procedures for investing and financing the construction of housing projects using private funds raised from individuals and legal entities have been improved by introducing clear mechanisms to ensure that funds are kept safe and used for their intended purpose

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Progress in the implementation of measures as of 03.07.2024
measures, the implementation of which as of 31.03.2024
1 1 1
3
In progress Not implemented Not started
Measures implemented (fully and partially) - 0 ( 0%)
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Measures — 3

2.5.3.2.1. Drafting and submitting to the Cabinet of Ministers of Ukraine a draft law aimed at improving the operations of construction financing funds, which provides for the use of two methods of financial control of the developer — based on the schedule of housing construction and based on the proper spending of funds (funds should be advanced to the developer in accordance with the construction stages, and the developer should be financed by scanning transactions through the developer’s bank account)

The main implementer: Ministry for Communities, Territories and Infrastructure Development of Ukraine

2.5.3.2.2. Preparing and publishing an analytical report on corruption risks associated with the process of investing and financing of construction of residential properties with the use of private funds raised from individuals or legal entities, particularly with respect to the presence of corruption risks in the operations of construction financing funds and real estate transactions funds

The main implementer: National Agency on Corruption Prevention

2.5.3.2.3. Discussing the conclusions and recommendations outlined in the analytical report indicated in subclause 2.5.3.2.2 with the participation of representatives of government agencies, NGOs, international organizations, participants of international technical assistance projects, and the academic community

The main implementer: National Agency on Corruption Prevention

Indicators — 2

Evaluation of achievement of ESR — indicator weight —
1
0 / 60%

A law has taken effect, which improves the operations of construction financing funds, which provides for the use of two methods of financial control of the developer — based on the schedule of housing construction and based on the proper spending of funds (funds should be advanced to the developer in accordance with the construction stages, and the developer should be financed by scanning transactions through the developer’s bank account).

i
2
0 / 40%

An analytical report on corruption risks associated with the process of investing and financing of construction of residential properties with the use of private funds raised from individuals or legal entities, particularly with respect to the presence of corruption risks in the operations of construction financing funds and real estate transactions funds has been published.

i
* - certain measures are common to several ESRs, but have a separate number (id)