Oksana Markarova was appointed the Ukraine’s Ambassador to the USA and arrived in DC on Apr 20, 2021. She served in Ukraine’s Ministry of Finance in 2015-2020 as First deputy Minister and Government commissioner on investments and then since 2018 as a Minister of Finance. During her time at the Ministry she was a co-author of Ukraine’s macroeconomic revival program, has conducted unprecedented fiscal consolidation leading to deficit to GDP of 2% and debt to GDP reduction to below 50%, introduced midterm budgeting, gender oriented budgeting as well as negotiated, structured and coordinated successfully two IMF programs and other IFI cooperation programs. During her tenure she and her team has also created UkraineInvest government promotion agency, Ukrainian Startup fund and an eData ecosystem of government public finance portals including spending.gov.ua, openbudget.gov.ua and analytical instrument BOOST, which opened the majority of the public finance data to the public and increased Ukraine in all major international data transparency ratings.
Prior to career in public service Mrs. Markarova spent 17 years working in private equity and financial advisory having leadership roles in ITT investment group, Western NIS Enterprise Fund, Chemonics and and World bank, as well as founded Archidata startup electronic archive company in between service positions in 2020.
Oksana Markarova serves at the Boards of UkraineHouse DC foundation in Washington DC, Kyiv-Mohyla Academy, Ukrainian Development Foundation and supports Ukrainian Catholic University and Ukrainian Press Museum-Archive.
She holds BS and MS degrees in Environmental Science from Kyiv-Mohyla Academy in Ukraine and MPA in public finance from Indiana University with academic excellency and best international student awards.
Markarova is married with four children and grandson.