Ukraine and the US International Development Finance Corporation agreed on an Investment Advisor for the US-Ukrainian Reconstruction Investment Fund under the mineral deal, Ukraineʼs Minister of Economy, Environment, and Agriculture Oleksii Sobolev reported.
A global consulting group operating in 43 countries, Alvarez & Marsal, will prepare investment projects, carry out due diligence – a detailed review of a company’s or project’s financial, legal, and operational standing – and conduct financial analysis to identify the most effective investment directions.
In May this year, the US and Ukraine signed a mineral deal focused on subsoil development, extraction, and international investment, among other things. Under the agreement, Ukraine is to transfer half of its mineral extraction revenues to the US-Ukraine Reconstruction Investment Fund, while the US is to contribute an equal share of its revenues to the same fund.
The selection of the Fund’s Investment Advisor took several months as many International companies with backgrounds in investment consulting, risk management, and financial reporting applied.
The Governing Board – comprising three representatives from both the Ukrainian and American sides – made the final decision, Sobolev reported on his Facebook.
The next steps include appointing a Fund administrator and launching the financial procedures needed for operational activity.
The Fund already has a Governing Board and four committees. The board sets strategy, approves investment decisions and ensures equal partnership between the two sides, Sobolev wrote.
Four Fundʼs committees support day-to-day work: Investment, Audit, Administrative and Project Sourcing. They evaluate projects, oversee finances, coordinate operations, and review potential initiatives.
In September, the US and Ukraine each invested $75 million to the Reconstruction Investment Fund, creating an initial capital of $150 million.
Ukraine also plans to restart geological exploration in 2026 with international partners as part of the mineral deal, according to Ukraineʼs Deputy Minister of Economy, Environment, and Agriculture Yegor Perelygin.