Ukraine’s Deputy Finance Minister Olga Zykova participated online in the fifth meeting of the Steering Committee of the Ukraine Investment Framework (UIF), which aims to coordinate financial support for the country’s recovery and development.
During the meeting, additional funding for projects supporting Ukraine’s reconstruction and development was approved. Representatives from the European Commission, European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Polish Development Bank (BGK), German state development bank (KfW), International Bank for Reconstruction and Development (IBRD), and other financial institutions endorsed the decision.
The participants approved the allocation of additional grant and loan financing under EU guarantees for World Bank projects in the agricultural sector (ARISE), transport infrastructure (RELINC), and healthcare (HEAL); EIB projects including social housing construction (Ukraine Social Housing, Tranche 1), water supply system recovery (Ukraine Water Recovery Project), and emergency gas procurement (with a grant from the Norwegian government).
Ukraine also presented its own proposal — the Food4Impact (F4i) project — aimed at restoring and developing the agricultural sector, which suffered significant losses due to the war. The project will provide financing to agricultural companies, banks, and trade finance initiatives to ensure food security, support Ukraine’s economy, and integrate it into European markets through private agribusiness funding.
Deputy Minister Zykova emphasized the need to avoid new debt risks for the state budget by using EU guarantee mechanisms instead of state guarantees. She also stressed the importance of supporting projects launched in 2024–2025.
“For Ukraine, it is crucial not only to attract resources but also to establish reliable mechanisms for their effective use. Every project must be financially sustainable in the long term and not place excessive pressure on the state budget. We are ready to work constructively with all partners to achieve these goals,” Zykova said.
The conclusions drawn at the meeting will guide further funding decisions under the Ukraine Investment Framework.
Background:
The Ukraine Investment Framework (UIF) is a systematic investment tool and a key component (Pillar 2) of the EU Ukraine Facility program, which has a total volume of 50 billion euros. It combines public and private resources with EU guarantee mechanisms to create sustainable conditions for Ukraine’s development.
As of July 2025, the total funding allocated under the UIF amounts to 9.4 billion euros, including 1.6 billion euros in grants. Ukraine has already received 6.2 billion euros, and for 2026–2027, the Ukraine Facility plans nearly 2.5 billion euros for investment projects.
The largest share of UIF resources is directed toward energy projects (40%), transport (9%), social housing (6%), water supply (5%), digital infrastructure (3%), and other sectors.
