Ukraine has finalized all of the steps that are necessary to establish the US-Ukraine Reconstruction Investment Fund.

Recently, the Ukrainian Agency for Public-Private Partnerships (PPP) and the US International Development Finance Corporation (DFC) signed two more agreements related to the fund’s launch. These agreements comprise a limited partnership agreement and a Limited Liability Company agreement that will act as the fund’s general partner. The fund’s official establishment date is May 23, but it will not commence operations until two months later.

Minister of Economy Yulia Svyrydenko has submitted a note to the US Embassy affirming that Ukraine has completed all requisite procedures to initiate the fund. As outlined in the agreements, the Reconstruction Investment Fund will implement a balanced management structure with equal representation from both nations. The fund’s management team will include six managers – three from Ukraine and three from the US. Notably, Treasury Secretary Scott Bessent will serve as one of the US representatives.

The Fund will have four committees: operational management, audit, a project search committee with a Ukrainian majority, and an investment decisions committee led by a US majority. Critical decisions must be made unanimously by the fund’s governing board.