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U.S.–Ukraine Reconstruction Investment Fund Ready for Launch

by Roman Cheplyk
Monday, May 26, 2025
2 MIN
U.S.–Ukraine Reconstruction Investment Fund Ready for Launch

All diplomatic and legal steps finalized; fund set to channel private capital into Ukraine’s $524 billion rebuild

Key Milestones

Date Action
30 Apr 2025 Bilateral agreement signed in Washington
8 May 2025 Verkhovna Rada ratified agreement in one week
12 May 2025 President Zelensky signed ratification law
13 May 2025 IFC (U.S.) and Ukraine’s PPP Agency inked partnership & LLC formation documents
16 May 2025 Diplomatic notes exchanged—formal launch procedures complete

Fund Structure & Purpose

  • Entities:

    • Limited Partnership – investment vehicle

    • General-Partner LLC – governance & management

  • Stakeholders: International Finance Corporation (U.S.) and Ukraine’s Agency for Support of Public-Private Partnerships

  • Mandate: Mobilize U.S. and allied private capital for large-scale reconstruction projects

Danylo Hetmantsev, Chair, Finance Committee:
“This Fund must become a no-fail, fast-moving model that inspires other partners to invest in Ukraine’s recovery.”


Investment Priorities

Sector Target Projects
Infrastructure Roads, bridges, rail & logistics hubs
Energy Grid restoration, renewables, gas storage
Industry Manufacturing re-tooling, green metallurgy
Housing & Social Residential rebuild, hospitals, schools
Digital & PPPs Broadband, gov-tech, private concessions

Funding Gap: World Bank, EU & UN estimate $524 billion needed over the next decade—private investment is critical as direct aid tapers.


Next Steps

  1. Register Fund Entities in both jurisdictions.

  2. Appoint Board & Management from U.S. and Ukrainian sides.

  3. First Capital Calls & Project Pipeline—focus on “shovel-ready” energy and transport upgrades.

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