Ukraine has resumed participation in the Institute of International Finance (IIF) assessment and has immediately ranked among the world's top 10 performers in the 2026 Investor Relations and Debt Transparency Report.
Among 57 emerging market economies, Ukraine placed in the top 10 with a score of 45.2 out of a possible 50 points.
Ukraine's result significantly exceeded both the global average of 37 points and the average score of participating countries, which stood at 40.5 points. The Ministry of Finance said the ranking reflects its continued commitment to transparent, reliable, and investor-friendly communication despite the extraordinary challenges posed by Russia's ongoing war.
Ukraine received 11 out of 13 points for debt transparency, well above the survey average of 9.6 points, in recognition of the timeliness, level of detail, and market-friendly presentation of the country's fiscal and debt information.
The IIF also recognized Ukraine as an example of global best practice in investor web communications, making it one of just 23 countries highlighted as leaders in this category.
In addition, Ukraine received the highest possible scores for maintaining a formal investor relations program, providing access to dedicated investor relations staff, offering specialized investor resources in both English and Ukrainian, incorporating investor feedback, and involving senior government officials in dialogue with the investment community.
"Ukraine's return to the top of the IIF assessment sends a clear signal to our international partners and investors: even during wartime, Ukraine remains committed to the highest standards of transparency, accountability, and open dialogue with the investment community. Clear and consistent communication is entirely within our control, and we intend to continue strengthening the trust it creates. That trust will become the foundation for Ukraine's recovery and its future return to international capital markets," said Yuriy Butsa, Government Commissioner for Public Debt Management.
Ukraine established its Investor Relations Program within the Ministry of Finance in 2018. Since then, the ministry has treated transparency and investor engagement as a permanent institutional function, regularly holding conference calls and bilateral meetings with investors, publishing comprehensive information on public debt and government policy, and responding to investor inquiries through dedicated online channels.
The IIF report highlights what it describes as the "transparency dividend"—the principle that when fiscal, debt, and policy information is disclosed in a timely, accurate, and predictable manner, investors can better distinguish known risks from unknown ones. This reduces the uncertainty premium embedded in borrowing costs and broadens the investor base.
According to the report, Ukraine demonstrates how direct engagement with investors enables sovereign borrowers to adopt international best practices, respond to evolving creditor expectations, and maintain access to capital markets at a time when global investment capital is becoming increasingly scarce and selective.
The Ministry of Finance said it will continue strengthening its investor relations practices in line with IIF recommendations, including by further expanding the level of detail in debt reporting and maintaining regular, proactive communication with Ukraine's creditors and investors.
