The Sixth Supervisory Committee of the Ukraine Investment Framework (UIF) approved a new package of eight programs aimed at supporting Ukraine’s economy and addressing key social issues.
Source: Bukvy
It is expected that the implementation of these initiatives will help attract about €3.4 billion in new investments. The funding will be directed toward the development of strategically important sectors, including energy, education, communications, agriculture, and small business. Separate funds are also planned for the construction of shelters in educational institutions.
Within the framework of the new package, financing for the development of dual-use technologies and strategic industrial sectors is planned for the first time.
International financial institutions will implement the programs, including the EBRD, IBRD, KfW, and IFC, which already cooperate with the European Commission in Ukraine. New partners will also join the process, including Finnvera, BPIFrance, and CDP. The EU notes that the participation of new institutions confirms the growing role of the Ukraine Investment Framework in attracting international investors.
As of today, UIF has already allocated €8.4 billion, which constitutes about 90% of the total fund volume. These funds are expected to help mobilize approximately €25.2 billion in investments into Ukraine’s economy.
The Ukraine Investment Framework is part of the large-scale European Union program Ukraine Facility worth €50 billion. The initiative is aimed at attracting public and private investments for the recovery, reconstruction, and modernization of Ukraine. The total volume of financial instruments within the UIF mechanism amounts to €9.3 billion.
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