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SIFEM joins DFI-platform to facilitate investments in Ukraine’s reconstruction

 | Organisation

Development finance institutions are extending their preparations to support Ukraine’s reconstruction, with the European Bank for Reconstruction and Development (EBRD) and Development Finance Institutions (DFIs) from around the world signing a Memorandum of Understanding to provide a framework for collaboration when making co-investments in Ukraine, mainly in the private sector.

SIFEM joins DFI-platform to facilitate investments in Ukraine’s reconstruction

Development finance institutions are extending their preparations to support Ukraine’s reconstruction, with the European Bank for Reconstruction and Development (EBRD) and Development Finance Institutions (DFIs) from around the world signing a Memorandum of Understanding to provide a framework for collaboration when making co-investments in Ukraine, mainly in the private sector.

This agreement was signed on 21st June 2023 during the Ukraine Recovery Conference in London and delivers on an initial commitment by the EBRD and the G7’s DFIs to establish the EBRD-G7 DFI-EDFI Ukraine Investment Platform. The total number of signatories amounts to 19.

The financial needs of Ukraine during a period of reconstruction are vast and beyond the scope of any single institution. The private sector will play a crucial role in restoring the Ukrainian economy. Through the Memorandum of Understanding, the signatories are pleased to collaborate to increase the scale, efficiency, and quality of recovery efforts in Ukraine and countries in Ukraine’s neighborhood that are negatively affected by the military conflict in Ukraine.  The EBRD-G7-DFI-EDFI Ukraine Investment Platform will aim to promote co-financing among participating institutions through strengthening cooperation and information exchange for the reconstruction assistance of Ukraine with a mainly private sector focus. The institutions will aim to contribute to the recovery of the economy, industry and infrastructure and the reconstruction of people’s livelihoods in Ukraine as well as stability in the international community.

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