1 | Current Status
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Bilateral consultations: Economy Minister Yulia Svyrydenko met in Washington with US Treasury Secretary Scott Bessant and executives of the US International Development Finance Corporation (DFC).
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Objective: operationalise the Ukrainian-American Reconstruction Investment Fund before year-end.
2 | Immediate Milestones
| Date | Action | Responsible Parties |
|---|---|---|
| July 2025 | First Fund Board session (Washington) | DFC, Ministry of Economy |
| Q3 2025 | Adoption of initial capital structure and multi-year investment policy | Fund Board |
| Q4 2025 | First capital calls and deployment to priority projects | Fund management team |
3 | Launch Parameters under Discussion
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Seed capital – quantum to be approved in July; balance between US appropriations, DFC leverage and Ukrainian budget proceeds from new mineral licences.
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Investment strategy – focus on critical-infrastructure rebuild, energy transition projects and subsoil-linked value chains.
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Governance – parity representation; compliance with international fiduciary and ESG standards.
4 | Legal & Administrative Foundation
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April 30: Inter-governmental Agreement on the Fund signed in Washington.
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May 8: Ukrainian Parliament ratified the accord.
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May 12–13: President Zelensky signed the law; Ukraine and DFC concluded the limited-partnership and general-partner agreements.
5 | Policy Context
The Fund is intended to channel private-sector capital into post-war reconstruction alongside concessional finance. Mineral-royalty streams and new subsoil-use fees will supply part of Ukraine’s contribution, aligning national resource revenue with rebuilding priorities.
Compiled for corporate strategists, investors and policy advisers tracking US-Ukraine recovery initiatives.
