First meeting of the Reconstruction Investment Fund governing board held

Today, 3 September, the first meeting of the Board of Managers of the Reconstruction Investment Fund took place. This is the key governing body of the Fund, comprising three representatives each from Ukraine and the United States.

The U.S. side delegated Treasury Secretary Scott Bessent, DFC Head of Investments Conor Coleman, and DFC Vice President and General Counsel Robert Stebbins.

During the meeting, the Fund’s operating rules were approved, committees were formed, and authorisations were granted for opening bank accounts and selecting the Fund’s administrator and investment advisor.

“The next step is to identify projects for the initial pilot investments, which we will discuss with DFC colleagues during their visit to Kyiv in September,” said Prime Minister of Ukraine Yulia Svyrydenko.

She emphasised that American investments could serve as a security guarantee for both Ukraine and American businesses planning to operate in the country.