EY Ukraine advised IFC within the Ukraine Irrigation Development Project

KYIV, October 21, 2024. The International Finance Corporation (IFC) engaged EY Ukraine as an advisor on legal, strategic, commercial, and business matters during the implementation of the Ukraine Irrigation Development Project. The project implemented with the support of the Hungarian Ministry of Finance and the Austrian Ministry of Finance.

The project's key objectives were to develop modern and effective tools for establishing and operating water user organizations (WUOs) in Ukraine, in line with global best practices and national legislation, as well as to provide support for establishing pilot WUOs. EY experts developed a WUO Model, which includes standard documents outlining the recommended business model, corporate governance system, and operating model of such organizations.

The EY project team was led by Borys Lobovyk, Head of Legal Practice. Konstantin Neviadomski, Head of Consulting Practice, was responsible for the business advisory part. Mykhailo Prykhodko, Partner, led the finance team; Bogdan Malniev, Partner, led the legal team; and Olena Zababurina, Manager, acted as the project coordinator and key legal expert.

The key documents related to the WUOs Model are available for download on the official website of the State Fisheries Agency of Ukraine.

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About IFC

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. IFC works in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org. Stay Connected with IFC on social media