With the participation of the Prime Minister of Ukraine, the Steering Committee of the Multi-Agency Donor Coordination Platform for Ukraine met on the sidelines of the Ukraine Recovery Conference in London.
The meeting was chaired by the Oleksandr Kubrakov, Deputy Prime Minister for Restoration of Ukraine and Minister for Communities, Territories and Infrastructure Development, Gert Jan Koopman, Director-General of the EC DG NEAR, and Mike Pyle, U.S. Deputy National Security Advisor, and attended by Minister of Finance of Ukraine Sergii Marchenko.
Participants discussed the results of the Platform’s work on addressing Ukraine’s urgent priority needs for 2023. The discussion also focused on supporting Ukraine’s medium- and long-term recovery and reconstruction needs beyond 2023.
According to the RDNA2, USD 14.1 billion is needed to implement recovery in the identified priority areas in the short term. Ukraine’s budget already provides for USD 3.3 billion in spending Mike Pyle, U.S. Deputy National Security Advisor on the key priorities of the RDNA2.
A separate discussion was devoted to the development and implementation of reforms needed to attract donor and private capital.
Participants noted the positive results of the Platform’s work, in particular in covering Ukraine’s budget deficit for the current year and in analysing collected donor pledges for 2023 reconstruction needs. The Steering Committee agreed to continue to align donors’ financial commitments with the priority recovery needs for 2023, including the development of early recovery projects.
The EC representative briefed the Steering Committee on the Commission’s proposal for a new mechanism to assist Ukraine in its recovery, modernisation and preparation for EU accession.