Ukraine Meets US Development Finance Corporation on Recovery Projects
The Ministry of Regional Development of Ukraine held a meeting with representatives of the US International Development Finance Corporation (DFC) to establish cooperation and accelerate the country's recovery through investment projects in infrastructure and energy.
The Gaze reports on it, referring to the Ministry for Development of Communities and Territories of Ukraine.
First Deputy Minister Alona Shkrum and Deputy Minister Maryna Denysiuk met with representatives of the US International Development Finance Corporation, including Director of the Investment Funds Office William Thompson, Legal Counsel Jonathan Taylor, and Director of Investments Catherine Ross.
The parties discussed the implementation of the US-Ukraine Reconstruction Investment Fund (URF) and opportunities for implementing comprehensive projects in the areas of infrastructure and energy.
Alona Shkrum emphasized that comprehensive recovery projects include elements of energy efficiency and best technologies, which will allow Ukraine to be rebuilt efficiently and effectively.
“We hope that the work within the framework of the Fund will create a new platform of trust for US investors and the implementation of large-scale recovery projects,” she added.
Particular attention was paid to the public-private partnership (PPP) mechanism, which simplifies procedures, removes legislative barriers, and complies with EU standards, allowing for faster preparation and implementation of investment projects in the housing and road sectors.
DFC representatives provided an update on the launch of the URF, which focuses on projects with quick returns, particularly in raw materials extraction, critical infrastructure, and energy.
Following the meeting, the Ministry of Development and the DFC agreed to align the needs and capabilities of both parties and develop a list of priority projects for financing.
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