Ukrainian First Deputy Prime Minister, Economy Minister Yuliia Svyrydenko has received a diplomatic note from Chargé d’Affaires a.i. at the U.S. Embassy in Ukraine Julie S. Davis, confirming the completion of internal procedures for the establishment of the U.S.-Ukraine Reconstruction Investment Fund.
The relevant statement was made by the Ukrainian Economy Ministry, an Ukrinform correspondent reports.
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“We have an equal Agreement that reflects Ukraine’s national interests and provides for joint management and investment with the United States. It is a future-oriented agreement, where the United States and Ukraine are equal partners who jointly invest in the restoration and development of our country,” Svyrydenko noted.
According to the ministry, the U.S. International Development Finance Corporation (DFC) and the state-owned Public-Private Partnership Agency (PPP) will cooperate and invest in accelerating Ukraine’s economic recovery.
In particular, the Fund will invest the funding contributed by the United States and Ukraine in natural resources, oil and gas, ports, and related infrastructure projects in Ukraine.
Additionally, the Fund will facilitate connections between Ukrainian companies and potential resource investors, including DFC, and will operate without a time limit. However, every 10 years, the partners will review its results.
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A reminder that earlier Ukraine and the United States signed two documents, which are necessary to implement the Agreement on the Establishment of a U.S.-Ukraine Reconstruction Investment Fund.
Previously, Ukraine completed all internal procedures for the establishment of the Fund.
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