On May 23, Ukraine’s First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, received a note from the Chargé d’Affaires of the United States in Ukraine, Julie S. Davis. Earlier, the Ukrainian government had submitted its note, and the U.S. International Development Finance Corporation (DFC) along with the state agency “Agency for Support of Public-Private Partnership” (PPP) signed two commercial partnership agreements.
Thus, as of May 23, the American-Ukrainian Investment Fund was officially launched.
“We are taking another step to strengthen and deepen relations with our strategic partner. I thank everyone who helped us reach this Agreement. The negotiation team fulfilled the task set by President Volodymyr Zelenskyy. We now have an equal Agreement that reflects Ukraine’s national interests, provides for joint management and investment with America. This is an agreement focused on the future, where the U.S. and Ukraine are equal partners jointly investing in the recovery and development of our country,” said Yulia Svyrydenko.
The DFC and the PPP Agency will collaborate and invest in accelerating Ukraine’s economic recovery. The Fund will invest the funds contributed by the U.S. and Ukraine in projects related to natural resource extraction, oil and gas, ports, and relevant infrastructure in our country.
Additionally, the Fund will facilitate connections between Ukrainian companies and potential investors in resources, including the DFC. The Fund will operate indefinitely but will have its results reviewed every 10 years by the partners.
