Ministry of Economy of Ukraine
Ukraine Investment Framework Steering Board approves terms of operation of the investment component of the Ukraine Facility
26.04.2024 | 15:04 | Section for Public and Mass Media RelationsThe first meeting of the Ukraine Investment Framework (UIF) Steering Board, at which the rules of procedure and Strategic Guidelines for the investment component of the EU’s Ukraine Facility programme were approved, has taken place. The signing of the first investment programmes under the UIF is scheduled for the Ukraine Recovery Conference to be held in Berlin on 11-12 June 2024.
“The Ukraine Investment Framework will give businesses access to financing from international financial organizations and Ukrainian banks, which will be supported by the EU. This can include guarantees, mixed financing from loans and grants, as well as technical assistance in preparing applications and finalizing projects. To achieve the goals of the Ukraine Facility, both existing programmes will be expanded and new ones will be launched. The first ones will be presented at the conference on Ukraine’s recovery in June this year,” Deputy Minister of Economy of Ukraine Volodymyr Kuzyo noted.
The second component of the Ukraine Facility, the Ukraine Investment Framework (UIF), aims to mobilize investments for Ukraine’s economic recovery and development. Under the Ukraine Facility, the EU will provide EUR 6.97 billion to finance the UIF, of which EUR 5.46 billion will be allocated to establish the Ukraine Guarantee and EUR 1.5 billion will be earmarked for blended finance operations, grants and technical assistance. Support under the UIF will be available for both private and public investment projects.
The Ukrainian guarantee will be a special risk-sharing instrument created due to the scale of investments in the recovery and reconstruction of Ukraine, which involves significant risks. The total amount of the guarantee will be EUR 7.8 billion, including other donors’ financing contributions, which will increase the total budget of the programme.
Thus, taking into account the expanded financing of the Ukrainian Guarantee, the total volume of the Ukraine Investment Framework will amount to EUR 9.3 billion. Over the next few years, the implementation of the Ukraine Investment Framework is expected to attract up to EUR 40 billion in public and private investment.
The UIF will be managed by the Ukraine Investment Framework Steering Board, a special body established for the strategic and operational management of the programme’s resources.
The Steering Board of the Ukraine Investment Framework includes representatives of the European Commission and each EU member state. The Verkhovna Rada of Ukraine and the Ukrainian Government may participate in the work of the Board as observers.
In the future, the Steering Board of the Ukraine Investment Framework will approve transactions under the UIF on the basis of individual projects (guarantees and financing) or on the basis of a portfolio of projects, as well as ensure their compliance with the Ukraine Facility Implementation Plan.
The adoption of the Ukraine Investment Framework’s Rules of Procedure and Strategic Guidelines will allow the launch of financing under the Ukraine Investment Framework this year.
Detailed information on the specifics of the Ukraine Investment Framework (UIF) can be learned during the Business Development — The Main Driver of Economic Recovery in Ukraine round table. The event will take place on Friday, April 26, register for the event at https://forms.gle/dfDf1J5ufBDHqjPM9.
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