Board of Investment Fund of Ukraine and United States grants authorization to open bank accounts of fund – Svyrydenko
The Board of Directors of the Investment Fund of Ukraine and the United States has granted authorization to open bank accounts of the fund. Prime Minister Yuliia Svyrydenko announced this on the Telegram channel, the Ukrainian News agency reports.
"Today, the first meeting of the Board of Directors of the Investment Fund of Ukraine and the United States was held. This is a key management body, which includes three representatives from Ukraine and the United States," she said.
The American side delegated to the Board of Directors US Secretary of the Treasury Scott Bessent, Chief Investment Officer of the International Development Finance Corporation of the United States (DFC) Connor Coleman, Vice President and General Counsel of the DFC Robert Stebbins.
"The Council approved the rules of operation, formed committees, and also granted authority to open bank accounts for the Fund and select an administrator and investment advisor. The next step is to identify projects for the first pilot investments, and we will discuss this issue with our colleagues from the DFC during their visit to Kyiv in September," the Prime Minister said.
Svyrydenko stressed that American investments can be a guarantee of security for both Ukraine and American business in Ukraine.
As the Ukrainian News agency earlier reported, on September 1, the Cabinet of Ministers delegated three representatives to the board of directors of the American-Ukrainian Reconstruction Investment Fund. The Ukrainian side will be represented by the Minister of Economy, Environment and Agriculture Oleksii Sobolev, Deputy Minister of Economy Yehor Perelyhin, and State Secretary of the Ministry of Foreign Affairs Oleksandr Karasevych.
On May 8, the Verkhovna Rada ratified the agreement between the governments of Ukraine and the United States of America on the establishment of the US-Ukrainian Reconstruction Investment Fund (Minerals Agreement), concluded on April 30, 2025.