The US International Development Finance Corporation (DFC) announced a $75 million investment in the US-Ukraine Reconstruction Investment Fund. Ukraine will double the contribution, bringing the fund’s initial capital to $150 million.
In May this year, the US and Ukraine signed a mineral deal regarding subsoil development, the sale of minerals, and American assistance. Ukraine will transfer a portion from mineral extraction to the US-Ukraine Reconstruction Investment Fund.
The fund will target projects in energy, infrastructure, and critical minerals extraction. Its goal is to finance three projects by the end of 2026, supporting reconstruction and long-term economic recovery in Ukraine, Prime Minister Yulia Svyrydenko reported on her Facebook page.
The US and Ukraine will share equal financial responsibilities in the fund, with the profits split 50/50 between the two nations.
“This not only demonstrates our responsibility but also emphasizes that we see the Fund as a joint tool for reconstruction and long-term cooperation,” Svyrydenko wrote.
The fund will use American expertise, resources, and governance practices to improve Ukraine’s investment environment. It will create new investment opportunities for the US, its allies, and private partners, including multilateral development banks, DFC reported in a press release.
“This fund advances strategic priorities for both the US and Ukraine. Together, we are actively developing new opportunities for American businesses in critical markets and stimulating Ukraine’s economy and recovery,” the release quoted US Ambassador Julie Davis.
“This fund will make America more prosperous and secure, while also unlocking Ukraine’s boundless economic potential and further strengthening our strategic partnership.”
On Sep. 3, representatives from Ukraine and the US held the first meeting of the Reconstruction Investment Fund’s board to discuss each sides’ obligations and select advisors.
The board includes three representatives from each. The US delegation features Treasury Secretary Scott Bessent, DFC Chief Investment Officer Connor Coleman, and DFC Vice President and General Counsel Robert Stebbins.
The Ukrainian side includes Minister of Economy, Environment, and Agriculture Oleksii Sobolev, Deputy Minister Yehor Perelyhin, and State Secretary of the Ministry of Foreign Affairs Oleksandr Karasevych.
At the meeting, the board approved its operating rules, formed committees, and authorized the opening of bank accounts. It also selected an administrator and an investment advisor.
Recently, representatives from the DFC visited the Birzulivsky Mining and Processing Plant and the Likarivske deposit in the Kirovohrad region to assess sites that could become starter projects for the new Ukraine Reconstruction Investment Fund, Economy Minister Oleksiy Sobolev said on Sept. 15.