U.S. takes a pledge of $75 million to foster Ukrainian resources development
The United States International Development Finance Corporation (DFC) has announced a significant investment in Ukraine's future. Conor Coleman, head of investments at the DFC, confirmed a $75 million equity commitment towards the U.S.-Ukraine Reconstruction Investment Fund.
This fund, serving as seed capital, aims to mobilize private capital and anchor Ukraine's reconstruction and security. Ukraine's Minister of Economy, Environment and Agriculture, Oleksii Sobolev, has confirmed that the Ukrainian government will match the funds provided by the DFC.
The partnership between Ukraine and the U.S. is expected to de-risk global supply chains by unlocking natural resources in Ukraine and jump-starting the mining and processing of critical minerals. These minerals are essential for various industries, including technology and renewable energy.
The funds will also be used to rebuild critical infrastructure in Ukraine, contributing to its economic prosperity. Oleksii Sobolev emphasized that the partnership will not only support Ukraine's reconstruction but also generate economic benefits for the U.S.
While the organization raising the $75 million fund for investments in mineral extraction and processing in the war-affected zone of Ukraine is not explicitly named in the search results, the European Peace Facility and the European Union are prominently involved in military and industrial support to Ukraine. However, there is no direct mention of a distinct organization specifically for mineral investment in Ukraine in the given results.
The investment is expected to catalyse private-sector investments in Ukraine, further boosting its economic growth and stability. The aim is to create a ripple effect that benefits both Ukraine and the U.S., strengthening their partnership and contributing to global supply chain security.
