The establishment of the Fund follows the signing of the U.S.-Ukraine Agreement on the Reconstruction Investment Fund on 30 April, which was ratified by Ukraine’s Parliament on 8 May.
This announcement followed the receipt of a formal diplomatic note from Julie S. Davis, Chargé d’Affaires of the United States in Ukraine, to Ukraine’s Minister of Economy, Yuliia Svyrydenko. Prior to the launch, the Ukrainian government submitted its own note of confirmation, and Ukraine’s State Agency for Support of Public-Private Partnership signed two commercial partnership agreements with the U.S. International Development Finance Corporation (DFC).
The fund will be jointly financed by the United States and Ukraine and will support strategic investment projects in natural resources, oil and gas, seaports, and related infrastructure.
In addition to direct investment, the Fund is expected to facilitate connections between Ukrainian businesses and international investors, including the DFC. It is designed to operate without a fixed end date, although its performance will be reviewed every ten years by both partners.
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